Associated Press July 13, 2026 • 14:50

Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US - AP News

By Fatima Hussein, Ken Sweet

Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US - AP News

The Trump administration is cracking down on banks lending to people living in the U.S. illegally. On Monday, financial regulators planned to issue guidance reminding banks of their know-your-customer requirements. The move is part of President Donald Trump's…

WASHINGTON (AP) The Trump administration is taking additional steps to prevent people living in the U.S. illegally from using the nations banking system, cracking down on financial institutions that … [+3115 chars]

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