Donald Trump and the GOP have a surprising new ally in their push to clamp down on 'debanking': Elizabeth Warren.

Democratic Senator Elizabeth Warren urged President Donald Trump to work with regulators to stop what she called unjustified closing of bank accounts held by citizens and businesses, arguing that efforts to mute the Consumer Financial Protection Bureau will worsen the problem.

The progressive senator from Massachusetts says banks have been shutting down too many accounts without explanation.

Warren is urging Trump to act against major U.S. banks over what she and the crypto industry call unfair account closures.

Sen. Elizabeth Warren (D-Mass.) seems to have found common ground with President Trump and Republican lawmakers over “debanking” concerns, urging the president Tuesday to take action to prevent Americans from being improperly locked out of the financial system.