Treasury expands bank data-sharing rules tied to Trump immigration crackdown (opens original article in a new tab)

The Treasury Department expanded bank data-sharing rules to support President Trump's immigration crackdown, allowing banks to share information on suspected customers and flag immigration status signs, framed as fraud prevention.

• Treasury expands bank data-sharing rules to aid immigration crackdown
• Banks can now share info on suspected customers and flag immigration status signs
• Guidelines frame actions as fraud/crime prevention, not direct immigration enforcement
• Executive order requires banks to check customer citizenship but no explicit mandate