Executive Order Signals Major Shift in Federal Expectations for AML, Customer Identification, and Credit Underwriting

President Trump’s May 19, 2026 executive order , Restoring Integrity to America’s Financial System , directs Treasury, FinCEN, the CFPB, and the federal banking agencies to reassess how financial institutions identify and manage risks associated with non-work authorized populations and related cross border financial activity. The order reflects a significant shift in federal expectations across BSA/AML compliance, customer identification, and consumer credit underwriting.… Continue Reading