Whitey Ford
10-15-2023, 07:37 PM
The next wave of "bailouts" -coming soon!
Biden Administration Sends Banks a Message About Lending Money to Illegal Immigrants
The Consumer Financial Protection Bureau and the Justice Department released a joint statement on Thursday notifying financial institutions that they cannot discriminate against illegal immigrants.
“All credit applications are protected from discrimination on the basis of their national origin, race, and other characteristics covered by the Equal Credit Opportunity Act, regardless of their immigration status,” the reminder states.
DOJ and CFPB said they released the statement over reports of consumers being denied credit cards as well as auto, student, personal, and equipment loans due to their immigration status.
“Fair access to credit is crucially important for building wealth and strengthening household financial stability,” said CFPB Director Rohit Chopra. “The CFPB will not allow companies to use immigration status as an excuse for illegal discrimination.”
https://townhall.com/tipsheet/leahbarkoukis/2023/10/15/biden-admin-sends-message-to-banks-over-lending-to-illegal-immigrants-n2629805
Biden Administration Sends Banks a Message About Lending Money to Illegal Immigrants
The Consumer Financial Protection Bureau and the Justice Department released a joint statement on Thursday notifying financial institutions that they cannot discriminate against illegal immigrants.
“All credit applications are protected from discrimination on the basis of their national origin, race, and other characteristics covered by the Equal Credit Opportunity Act, regardless of their immigration status,” the reminder states.
DOJ and CFPB said they released the statement over reports of consumers being denied credit cards as well as auto, student, personal, and equipment loans due to their immigration status.
“Fair access to credit is crucially important for building wealth and strengthening household financial stability,” said CFPB Director Rohit Chopra. “The CFPB will not allow companies to use immigration status as an excuse for illegal discrimination.”
https://townhall.com/tipsheet/leahbarkoukis/2023/10/15/biden-admin-sends-message-to-banks-over-lending-to-illegal-immigrants-n2629805