If you examine the law (how it was designed)...it was left entirely to the bank to act (no judge, no prosecutor paperwork, etc).
I suspect that around the 2nd/3rd day of this...some clients said fine...we are going to court for breach of promise, with the original paperwork done to get an account. The banks probably went to the government and said ‘what have done to us’.
It gave powers to bank, which they never asked for or wished for.
... but which they blindly and callously used, being devotees of the prissy tyrant and all.
Maybe it caused a run on the banks with people who had donated to the truckers trying to get their money out before it was frozen