Seriously, this is the way it should be. But, government is idiotic and has allowed illegals to do these crazy things
Trump’s Immigration Crackdown Is Changing How Undocumented People Bank
The relationship between American lenders and non-US citizens has grown more distant than ever.
Immigrants are closing bank accounts in favor of storing cash at home and may be borrowing less, rights advocates and data analysts say. The share of consumer loans to a group of borrowers that includes many undocumented people has slumped by more than 70% since 2024, according to a recent report. And some lenders say they are becoming more cautious about extending credit to undocumented people, said an industry group representative who asked not to be named discussing sensitive matters.
The very fact that they know all this data about illegals is rather disturbing. It’s like they don’t care that people are in the nation illegally
Many migrants living in the US have long found it hard to access the country’s banking system. But in the months since the Trump administration embarked on America’s most sweeping immigration crackdown in decades, the connections between immigrant families and lenders are coming loose, according to immigration lawyers, rights organizations and financial-sector groups.
Good.
“We’ve seen a reduction overall in people who come for financial services, education services, workforce development,” said Erica Serna, associate director of financial empowerment for UnidosUS, the largest Hispanic civil rights group in the US. In the government’s actions, she sees a de-emphasis on due process and the law “that is truly frightening for families.”
Are they here illegally? Yes. Then what due process is necessary?
“These regulations are a tool of fear more than anything else,” said Ben D’Avanzo, senior strategist for federal advocacy at the National Immigration Law Center. “Banks are part of the overall environment of fear that immigrants are experiencing.”
Double good.
Read: Bummer: Illegals Are Scared To Keep Money In Banks, Borrow Money »
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