Todd Zywicki on Banks’ Response to Trump Pressure
ICLE Academic Affiliate Todd Zywicki was quoted in Reuters regarding the response of banks to President Trump’s lawsuits, particularly the choice between fighting back and settling:
“The larger risk of settling is we don’t know what the Trump family might demand,” said Todd Zywicki, a George Mason University law professor who has worked with Trump’s transition and agency review teams on federal financial oversight.
“It could invite additional lawsuits by people who faced adverse actions over their bank accounts and, depending on the terms of individual settlements, provide information to anyone who claims they were debanked,” Zywicki added.
Read the full piece here.