Stephen Miller says Trump administration is pursuing policy to debank illegal immigrants
white house The Trump administration is trying to shut down bank banks to encourage illegal immigrants to deport themselves from the United States, Deputy Chief of Staff Stephen Miller said Friday.
Miller gave an update on the White House’s latest tactic to deter illegal immigration. an interview Friday at the “Clay Travis and Buck Sexton show.”
“President Trump “We signed an executive order a few weeks ago stating that we will not allow illegal aliens to use banking services in this country,” Miller said.
“Illegal aliens have credit cards, they have bank accounts, and they’re paid by direct deposit. So illegal aliens are fully participating in business systems, financial systems America’s. Shutting it down is a huge engine for deportation.”
White House deputy chief of staff Stephen Miller addresses the audience during the opening remarks of the Ministerial Meeting on the Resurgence of Political Terrorism at the State Department on July 16, 2026 in Washington, DC.
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Miller was likely referring to the executive order Trump signed on May 19. banks and federal regulators Increase review of accounts and loan applications involving immigrants without legal status or work permits.
The decision did not explicitly direct banks to reject credit cards or bank accounts. illegal immigrantsHowever, compliance with this may make it difficult for them to participate in the financial system.
Federal agencies have already begun taking action in response to Trump’s executive order.
President Donald Trump addresses the nation from the East Room of the White House in Washington, D.C., on July 16, 2026
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In early June, the Consumer Financial Protection Bureau, led by Russell Vought, issued guidance stating that lenders can, and in some cases must, consider applicants’ immigration status and work authorization when assessing their ability to repay loans.
Miller also sought guidance from three federal agencies Issue On July 13, “regulated financial institutions are reminded to apply current safe and sound credit risk management practices when making loans to borrowers who are not legally authorized to practice in the United States.”
Russell Vought, director of the Office of Management and Budget, during a House Financial Services Committee hearing on July 15, 2026, in Washington, DC.
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Both warnings serve to tell banks that illegal immigrants may be higher-risk customers for loans.
Fox News Digital has reached out to the White House for comment.
Original article source: Stephen Miller says Trump administration is pursuing policy to bail illegal immigrants out of the bank
