Financial regulators are the latest agents to be recruited in the Trump administration’s war on immigration. Financial regulators are the latest agents to be recruited in the Trump administration’s war on immigration. Setting aside all of the problems with the immigration system (something my colleague David Bier has covered extensively), this argument can apply to no shortage of issues. Together, these heightened costs are likely to result in the debanking of customers, reduced financial inclusion, and higher barriers to entry. But the correct policy is one that allows banks to be banks, rather than forcing them to be a police force.