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Munu

(236 posts)
Thu Apr 16, 2026, 09:43 AM 5 hrs ago

Treasury Secretary Scott Bessent is preparing banks to collect citizenship data

Treasury Secretary Scott Bessent is preparing banks to collect citizenship data (CNBC)

Banks in the U.S. may not like the idea of being forced to collect citizenship data on customers, but Treasury Secretary Scott Bessent says they better be prepared for the task.

“If Treasury and the banking regulators say it’s their job, it’s their job,” Bessent told CNBC’s Sara Eisen at the Invest in America Forum in Washington, D.C., on Wednesday.

An executive order that has been discussed for months took a step closer to reality earlier this week when Bessent said in an interview with Semafor that the EO is “in process.”

The planned EO is one more plank in President Donald Trump’s broader effort to tie his immigration policy to collection of information in the United States, including for voting and Census efforts.

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13 replies = new reply since forum marked as read
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Treasury Secretary Scott Bessent is preparing banks to collect citizenship data (Original Post) Munu 5 hrs ago OP
I hope the banks fight this................... Lovie777 5 hrs ago #1
Thatll go over well with the cryptobros, youbetcha lol... Volaris 5 hrs ago #2
This isn't about immigration: it's about using banks for surveillance struggle4progress 5 hrs ago #3
Surveillance? Exactly. Munu 3 hrs ago #10
I believe, if Congress passes a law Johonny 5 hrs ago #4
I expect it will be blocked in court Fiendish Thingy 5 hrs ago #5
I'm sorry, but FalloutShelter 5 hrs ago #6
Me to my banker: "You first!" RedWhiteBlueIsRacist 5 hrs ago #7
Considering the major banks backed Trump edhopper 4 hrs ago #8
Banks are a big part of the *real* Deep State. n/t Munu 3 hrs ago #11
How much you want to bet Bissent scoops up all this personal and private data. magicarpet 4 hrs ago #9
Any bank that asks me is a former bank of mine. usonian 2 hrs ago #12
Won't this rain on the parade for Trump and his money-laundering friends??? Vinca 2 hrs ago #13

Volaris

(11,736 posts)
2. Thatll go over well with the cryptobros, youbetcha lol...
Thu Apr 16, 2026, 09:51 AM
5 hrs ago

Anybody who likes having their own dick stepped on this much, usually hires someone else to do it for them, is all I'm sayin...

Munu

(236 posts)
10. Surveillance? Exactly.
Thu Apr 16, 2026, 11:48 AM
3 hrs ago

Don't banks already require ID to open a bank account, for their own reasons?
Also, there is no law against foreigners having accounts in US banks (no matter where they live).

This one piece of a larger surveillance strategy.

Johonny

(26,327 posts)
4. I believe, if Congress passes a law
Thu Apr 16, 2026, 09:53 AM
5 hrs ago

And the executive branch enforces that law, then they have to do it. We don't live in a dictatorship and Scott is a fucking moron that thinks he's a genius because he was born rich. Stupid fucking rich people are killing this country.

edhopper

(37,390 posts)
8. Considering the major banks backed Trump
Thu Apr 16, 2026, 10:16 AM
4 hrs ago

and they care more about lowering regulations than helping America, I fear they will go along with it.

magicarpet

(18,781 posts)
9. How much you want to bet Bissent scoops up all this personal and private data.
Thu Apr 16, 2026, 10:30 AM
4 hrs ago

Then gifts this massive accumulation of data to Peter Thief and his data accumulation monster Palantir or Eloon Musk's massive Artificial Intelligence - data centers. Does Scott Bissent have significant investments and stock ownership holding in these privatized massive data accumulator operations ?

Once this data falls out of government control and into the hands of the privatized massive data collectors it becomes exponentially more difficult to protect the privacy rights of the citizen to stop the breach and weaponization of the use of this data to injure those who they seek to harass and victimize.

A privatized Big Brother lives among us - is scooping up all our personal and private data for damaging, ugly, and very nefarious purposes in their quest for obscene profits and self enrichments.

usonian

(25,807 posts)
12. Any bank that asks me is a former bank of mine.
Thu Apr 16, 2026, 12:35 PM
2 hrs ago

If you put your money in your mattress, make sure it's not one of those "Smart, Internet-Connected" mattresses.

TELL YOUR FRIENDS

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