Treasury widens bank data‑sharing rules linked to Trump‑era immigration enforcement

The Treasury Department issued new regulations expanding data‑sharing with banks. The rules are tied to the immigration enforcement actions launched under the Trump administration. Financial institutions must now provide additional information to authorities. The expanded reporting aims to improve compliance with immigration statutes. Critics argue the measures could increase privacy concerns for consumers. The Treasury said the changes enhance national security and law‑enforcement capabilities. Banks are given a compliance deadline to implement the new reporting protocols. The rule change is expected to affect how financial data is used in immigration cases.