BNY to manage Trump Accounts ahead of program’s launch
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The Bottom Line
BNY Mellon will manage accounts and help develop an app for the new federal Trump accounts program launching in July.
AI Summary
The Treasury Department announced that Bank of New York Mellon Corporation (BNY) has been designated as a financial agent for the federal government. BNY will manage accounts and help develop an app for the upcoming Trump accounts program, set to launch in July. This designation positions BNY to support the implementation of the new federal initiative. The Trump accounts program aims to provide a new service, with BNY managing the initial accounts.
What's Being Done
BNY Mellon has been designated a financial agent for the federal government to manage accounts and develop an app.
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Former President Donald Trump continues to exert significant influence on US politics, from taunting foreign leaders and shaping primary elections to making controversial statements on immigration and foreign policy, including his stance on the ongoing Iran conflict.
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