Should probably be noted that this EO has no real effect on any law or regulation besides where the current administration will focus their attention, and it will likely be a bigger deal in other sectors (employment). Reg B (and other statutes and regs) say what they say, and can't be changed without notice and comment. How the different regulators implement this EO (or whether they feel they are covered by it) is yet to be seen. We'll see if any proposed rules come out of this (both of the CFPB employees left will be working on it).

Also a nice reminder that all of the redlining enforcement actions under the Biden administration were based on lending that took place during the first Trump administration.

Adding to my comments above, its because the employee of the bank is using their financial background to give that service to the non-profit, not because the employee is providing service to those who are benefiting from what the nonprofit does. If the employees are serving those receiving services from the non-profit it should be where bank employees lend their expertise i.e. financial literacy. Examples I've seen are like Habitat For Humanity, employee on board gets credit, employee hammering nails in a build project does not.