President Donald Trump will sign an executive order ending politically bias debanking policy and removing the reputation risk standard for bank regulators.

The White House is set to act against banks allegedly dropping customers for political reasons, following Trump's claims of being discriminated against by major banks. A potential executive order could authorize penalties for 'politicized or unlawful debanking.

An executive order against the banks would come after Trump said in a CNBC interview on Tuesday that the country's top two lenders had previously rejected his deposits. Trump said