POLITICSWTOP DC
Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US
Regulators issue guidance to remind banks of their obligations to assess credit risk for borrowers unauthorized to work in the U.S., part of broader Trump administration efforts to limit access to the financial system by individuals living illegally in the country. The guidance highlights risks such as deportation affecting loan repayment and aligns with an executive order requiring banks to scrutinize customer citizenship.
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- Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US
- Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US
- Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US
- Treasury warns banks of ‘red flags’ tied to customers in the US illegally
- Trump executive order to stop short of requiring banks to collect citizenship information
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