Federal Regulators Direct Banks To Scrutinize Loans To Illegal Aliens

Federal Regulators Direct Banks To Scrutinize Loans To Illegal Aliens Authored by AG News Staff via American Greatness, Federal banking regulators have closed a long-standing loophole that allow illegal immigrants borrow money from U.S. financial institutions with little scrutiny of their legal status. The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) jointly advised that...

By Tyler Durden