The White House is preparing an executive order that would penalize banks for cutting off customers over their beliefs. The order, reported on by the Wall Street Journal, is expected to be signed by President Donald Trump as early as this week.

(Reuters) -The White House is preparing an executive order that would fine banks for dropping customers for political reasons, directing regulators to investigate potential violations of credit, antitrust, and consumer protection laws by financial institutions, the Wall Street Journal reported on Monday citing people familiar with the matter.