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The Piney Point

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
Photo: KPRC 2 / Click2Houston (NBC) · view original

The Trump administration is taking additional steps to prevent people living in the U.S. illegally from using the nation's banking system, cracking down on financial institutions that are lending money to them.On Monday, a group of financial regulators is set to issue guidance intended to remind...

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