Trump Pursues Debanking of Illegal Immigrants Under May 19 Order

3 articles · Updated · Fox News · Jul 18

Stephen Miller said the Trump administration is trying to cut illegal immigrants off from bank accounts, credit cards and direct deposits to push self-deportation.
A May 19 executive order did not explicitly bar banks from serving undocumented immigrants, but it told banks and regulators to increase scrutiny of accounts and credit applications tied to people without legal status or work authorization.
In early June, the Consumer Financial Protection Bureau said lenders may — and sometimes must — weigh immigration status and work authorization when judging a borrower's ability to repay.
July 13 guidance from three federal agencies separately told supervised financial institutions to apply existing credit-risk standards to borrowers not legally authorized to work, reinforcing the administration's broader immigration crackdown.