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The Nexus
POLITICSJul 13 · 15:05 UTCWTOP DCWTOP Staff

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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