Banking Brief: Financial Services Insights

On August 7, 2025, President Trump signed an executive order titled “Guaranteeing Fair Banking for All Americans,” asserting that financial institutions have restricted access of individuals and businesses to financial services on the basis of their “political or religious beliefs or lawful business activities, "and that some financial institutions have participated in “[g]overnment-directed surveillance programs targeting persons participating in activities and causes commonly associated with conservatism and the political right following the events that occurred at or near the United States Capitol on January 6, 2021.”

Federal contractors have until December 9, 2024, to file an objection to the public release of their Type 2 Consolidated EEO-1 Report for the year 2021. Failure to submit an objection by this deadline could result in the disclosure of sensitive employment and demographic data to the public.