Skip to content
The Nexus
POLITICSJul 13 · 15:05 UTCWPLG LOCAL 10 MIAMIBy FATIMA HUSSEIN and KEN SWEET, Associated Press

Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US

The Trump administration is implementing measures to restrict access to the U.S. financial system by individuals living illegally in the country, with regulators issuing guidance to banks about assessing credit risks from unauthorized borrowers. Financial institutions are urged to consider deportation risks when evaluating loan repayments, following an executive order in May requiring closer scrutiny of customer citizenship.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned
Trump administrationorganizationOffice of the Comptroller of the CurrencyorganizationFederal Deposit Insurance Corp.organizationNational Credit Union AssociationorganizationFinCENorganizationUS Treasuryorganizationexecutive ordertopic
Spot something wrong with this article?Report a problem →
Forward this
Related Signal

Adjacent reporting