Hassett stated the administration is collaborating with major banks on the 'Trump Card' and exploring retirement fund access for home purchases while curbing institutional buying of single-family homes.
White House National Economic Council Director Hassett announced collaboration with major banks to develop a new credit product called the 'Trump Card'. He also revealed that the administration is considering changes to 401(k) retirement accounts to allow withdrawals for home down payments and exploring measures to limit institutional purchases of single-family homes. These initiatives reflect coordination between government and the banking sector on housing and consumer finance policies.