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Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US
The Trump administration, through three major bank regulators, is issuing new guidance to address credit risk from borrowers in the U.S. illegally. The guidance emphasizes banks' obligations to assess repayment capacity and monitor risks tied to unauthorized borrowers, aligning with an executive order from May 2017 requiring stricter scrutiny of 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
- Trump orders banks to more closely examine customers’ citizenship
- 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