DOJ Warns Financial Institutions That
They Can’t Reject Illegal Immigrants’
Credit Applications
Daily Wire,
by
Corrine Murdock
Original Article
Posted By: Beardo,
10/13/2023 11:13:36 PM
The Department of Justice (DOJ) put financial institutions on notice for rejecting illegal immigrants’ credit applications.
The DOJ issued the warning in a joint statement with the Consumer Financial Protection Bureau (CFPB) on Thursday. (snip) The two agencies claimed that the Equal Credit Opportunity Act (ECOA) protections for national origin and race extended to alienage, though they admitted that no such explicit provisions spelled out their interpretation. The agencies conceded that creditors could rely on immigration status to determine repayment ability, but then cautioned against “unnecessary or overbroad reliance” on immigration status.
Reply 1 - Posted by:
rememberwhen 10/13/2023 11:17:08 PM (No. 1576860)
Stupidity of the highest order. If creditors are subject to deportation, they are by definition a poor risk for repayment.
62 people like this.
Reply 2 - Posted by:
justjana 10/13/2023 11:18:39 PM (No. 1576862)
Really? This DOJ is a socialist clown show.
70 people like this.
Reply 3 - Posted by:
Newtsche 10/13/2023 11:34:38 PM (No. 1576865)
That or a totalitarian monster horror show.
47 people like this.
Reply 4 - Posted by:
MissMann 10/13/2023 11:37:23 PM (No. 1576866)
And who is on the hook for these loans when they walk away from them?
61 people like this.
Reply 5 - Posted by:
Quigley 10/13/2023 11:40:14 PM (No. 1576867)
What about 12 year children who want to borrow money to help with their gender change; can their credit applications be refused?
40 people like this.
Reply 6 - Posted by:
Tennman 10/13/2023 11:46:08 PM (No. 1576868)
DOJ co-signing or guaranteeing the loan? Didn't think so. Want banks to lend to people with ZERO credit scores but will shut them down if their portfolio goes under water.
Does anyone in this administration have the slightest trace of business-sense?
46 people like this.
Reply 7 - Posted by:
Heil Liberals 10/14/2023 12:07:18 AM (No. 1576871)
Stupid us! Following the laws, getting drivers licenses, showing proof of insurance, providing real birth certificates, paying our taxes, going to work each day, raising our children to be descent, productive citizens, standing in line!
There is a saying in all the mob movies about how the ordinary person is a sucker. Honestly, I'm beginning to think they are right.
31 people like this.
Reply 8 - Posted by:
formerNYer 10/14/2023 12:29:02 AM (No. 1576878)
But you can reject legal gun stores. Fools at the DOJ liberal and dangerous fools.
28 people like this.
Reply 9 - Posted by:
sunshinehorses 10/14/2023 12:32:23 AM (No. 1576879)
This ranks right up there with giving everyone home loans without verifying their income (illegal or not).
28 people like this.
Reply 10 - Posted by:
DVC 10/14/2023 12:33:31 AM (No. 1576881)
Just because they are criminal foreigners who can easily disappear back across the border, no reason to not give them hundreds of thousands of dollars.
/s off
Gestapo Garland, normal America's worst enemy.
33 people like this.
Reply 11 - Posted by:
anniebc 10/14/2023 1:21:55 AM (No. 1576889)
So there's an alienage protection clause in the Constitution now? That's a thing?
18 people like this.
Reply 12 - Posted by:
smokincol 10/14/2023 2:02:25 AM (No. 1576897)
it's the comrade obama DIJ, what else can we expect
14 people like this.
Reply 13 - Posted by:
Miss T 10/14/2023 2:45:58 AM (No. 1576899)
#1, Creditors are the ones who have lent the money or have provided goods or services. The ones who owe the money are debtors. Yes, I agree that the debtors, subject to deportation, are poor credit risks.
11 people like this.
CFPB, like sny leftoid scheme, looking out to protect the wrong people. One those federal outfits that should have been abolished were it not for the likes of Paul Ryan, et al, suffering from TDS.
15 people like this.
Reply 15 - Posted by:
Felixed 10/14/2023 5:20:09 AM (No. 1576914)
OK. So now, I am liable to lawfare (process begins the punishment) if I decide NOT to lend money to someone here is here illegally and can be deported?
Wake the Hell up, sheeple!!!
The America that made your good life possible is being systematically destroyed right before your very eyes!
22 people like this.
Reply 16 - Posted by:
mifla 10/14/2023 5:49:13 AM (No. 1576927)
DOJ making it up as they go along, knowing that it will take years to drag it through the courts.
Banks should tell them to eff off.
15 people like this.
Reply 17 - Posted by:
Aspen02 10/14/2023 7:09:13 AM (No. 1576962)
Just save time and paper and just give them the money. You aren't going to get it paid back anyway.
10 people like this.
Reply 18 - Posted by:
sw penn 10/14/2023 7:36:03 AM (No. 1576971)
No.
The banks own the government.
Not the other way around...
6 people like this.
Reply 19 - Posted by:
Pearson365 10/14/2023 9:30:04 AM (No. 1577030)
Meanwhile, President Trump and family are facing enormous fines and the loss of business licenses in NY State because they have been charged with financial fraud even though the Trumps paid back their lenders in full. Civil charges brought by a Trump hating AG before an equally Trump hating leftist judge.
The various lenders aren’t suing, it’s the Democrat machine that controls NY State, a machine that has no problem destroying a NY business if such destruction harms the re-election campaign and fortune of Trump. And, the $250 million possible fine will be pocketed by the State while a State appointed adjudicator would be empowered to sell off Trump properties at whatever price the State determines. Ah, but thanks to Biden and his corrupt DoJ, illegal aliens now have the right to sue banks if the illegals are refused credit.
14 people like this.
Reply 20 - Posted by:
Strike3 10/14/2023 9:41:53 AM (No. 1577037)
Well, this is it, the final nail in the economy. The mountain of debt created by the COVID scam, the burning of cities and inflation is apparently not enough for our incredibly stupid and corrupt DOJ.
9 people like this.
Reply 21 - Posted by:
padiva 10/14/2023 9:58:40 AM (No. 1577047)
It's about the content of their character (ability to manage debt and repay) rather than the color of their skin.
5 people like this.
Reply 22 - Posted by:
stablemoney 10/14/2023 10:16:33 AM (No. 1577057)
The CFPB was unconstitutionally formed, and the DOJ is a rogue organization that does not regulate financial institutions for the reason that it knows nothing about them. This overstepping of authority can be ignored.
6 people like this.
Reply 23 - Posted by:
Gordon Mills 10/14/2023 10:39:22 AM (No. 1577076)
#4, same people who are on the hook for the potato's student debt forgiveness. The debt doesn't disappear it just gets transferred and the loaners always win.
6 people like this.
Reply 24 - Posted by:
mc squared 10/14/2023 10:48:26 AM (No. 1577081)
I, too, have strong ties to the United States: I was born here.
5 people like this.
Reply 25 - Posted by:
Kate318 10/14/2023 10:56:46 AM (No. 1577087)
Ha! And, we wonder why the banking system fails.
5 people like this.
Reply 26 - Posted by:
jimkata 10/14/2023 11:10:27 AM (No. 1577104)
This is how Nazis 'directed' control over private industry in the 30's
6 people like this.
Reply 27 - Posted by:
paral04 10/14/2023 2:23:50 PM (No. 1577252)
And who is going to bail put the banks when they go broke? Yeah, you got it. We taxpayers. The DOJ needs to shut up and read about what the word Justice means.
3 people like this.
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