Tagged #banking
Every article we've published on this topic, sorted by the agency's own announcement date.
DHS
Federal regulators urge banks to scrutinize lending to immigrants without work authorization
Trump administration guidance directs banks to treat immigrants lacking U.S. work authorization as elevated credit risk and assess repayment capacity more strictly. Practitioners should advise clients of potential lending barriers.
policy update
USCIS
New Executive Order Requires Banks to Flag Customers' Immigration Status
Trump signs 'Restoring Integrity' order directing Treasury and regulators to treat immigration status as a financial risk factor. Banks must now issue guidance to identify and flag customers without legal status.
policy update