Posted on 10/13/2023 6:38:05 AM PDT by ChicagoConservative27
The Biden administration released a statement Thursday warning financial institutions against using a person’s immigration status in credit applications.
The Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) released a joint statement telling financial institutions that while it is not illegal to consider a person’s immigration status in the decision on whether to lend money, an overreliance on it could run afoul of the law, according to the statement. The statement implicates the Equal Credit Opportunity Act (ECOA), which makes it illegal to discriminate on the basis of race, color, religion, national origin, sex and more in considering a person’s credit application as the mechanism, even though the law does list citizenship status as a protected attribute.
(Excerpt) Read more at msn.com ...
Freedom is being a slut, having 9 tattoos, and working 55 hours a week.
Slavery is raising your child and loving your husband.
Biden is a figurehead. His puppet-masters make all the decisions. The objective of Biden’s handlers is the destruction of the USA. Understand that, and everything else is obvious.
Just when I think they can’t get crazier
This is how the CCP works....right Joey?
Great, another set up for bank failures.
The CFPB is financed by The Federal Reserve, so that Congress cannot shut it down - but it issues federal regulations with the force of law. There’s a Supreme Court case on this...and hopefully we win, otherwise, what’s to stop Soros from financing his own federal agency (in addition to the Department of Education, of course).
And in the year, 2050, President Malia Obama will announce a ‘loan forgiveness’ program declaring that the banks were derelict in giving loans to people who lacked the capacity to pay the money back.
Cra,y old pervert. Try to borrow money from any foreign bank after illegally entering the country.
Wake up Congress. There’s a way to flush this aberration
Lawlessness
CFPB : Commie/Facists Plunder Borons. It was created by Senator Pocahontas as a way to shake down money from banks and eventually kick back the loot to her.
Converting illegal aliens into a Protected Class as predicted.
There is nothing in the 14th Amendment that justifies this.
How is this fascism? Stupid, illegal, ant-capitalist — most definitely. But fascist? I don’t understand.
The banking system is not collapsing fast enough to suit the President, apparently. Remember all those red line loans Clinton forced the banks to issue? Remember the bank failures it caused in 2007, 2008?
The U.S. Constitution is for CITIZENS.
Illegal immigrants probably can’t get loans at all. This is about legal visa holders. Would you give a credit card to an H1B? A mortgage to a Green Card holder?
Yep. And they’ve been positioning themselves for this for decades. Accumulating dirt and chronicling crimes re our (pimps and whores) in politics, and they’re all terrified of being exposed. So, like the whores they are, they lie down for their owners.
Great point AJ! No valid ID, no SS#, no credit! I didn’t make the rules. I get reported for transactions over $600. This is the housing bubble issue all over again making bad loans to virtue signal. No thanks.
They use their Tax ID # like a SS#. You dont accumulate credit on it, so all tax IDs are treated the same unless they have borrowed from that institution before and they “know them”. Industry secret? They pay better than any other customer.
This has ValJar’s, Ahmed Brennan’s and Bammy’s hoof prints all over it.
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