Regulators can fine banks that they identify as having engaged in “politicized or unlawful debanking” against customers based on political or ideological beliefs, according to the order.

Trump claimed in a CNBC interview on Tuesday that he personally was discriminated against by banks, asserting without evidence that JPMorgan Chase and Bank of America refused to take his deposits following his first term in office.

President Trump said two major banks turned down his business. Here's why conservatives are concerned with so-called debanking.