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Breaking down the impact of Trump’s crackdown on lending to immigrants
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Financial Stability
Tuesday, June 2, 2026
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Federal regulators may soon push for lenders to strengthen protocols for verifying a loan applicant’s immigration status, following an executive order (EO) issued by President Donald Trump on May 19.
Dodd Frank Update spoke with a pair of former regulators about the impact the EO could have on lenders, given the many precautions financial institutions already take to mitigate potential risks associated with lending to noncitizens.
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