Staff Reports
The Biden administration has once again shown its true colors, this time through the Consumer Financial Protection Bureau (CFPB) and the Justice Department. They are warning financial institutions that they may face consequences if they take into account immigration status when denying credit. It’s just one more step towards prioritizing illegal immigrants over law-abiding citizens.
Thoughts?
🚨🚨 REPORT: Biden Admin Threatening Banks To Lend Money To Illegal Immigrantshttps://t.co/vr0t2cqCCs
— 🇺🇸🇺🇸Josh Dunlap🇺🇲🇺🇲 ULTRA-MAGA (@JDunlap1974) October 13, 2023
The Equal Credit Opportunity Act (ECOA) does allow lenders to consider immigration status when determining repayment capabilities. But the Biden administration seems to be stretching the boundaries of this provision, cautioning against any “unnecessary or biased” reliance on immigration status. They’re attempting to paint it as a fight against discrimination, but it’s clear they’re putting the interests of illegal immigrants above those of American citizens.
CFPB Director Rohit Chopra is trying to sound noble, claiming that companies can’t use immigration status as an excuse for “illegal discrimination.” But the real discrimination is against hardworking Americans who are being pushed aside in favor of those who broke our laws to come here. Fair access to credit should be for citizens who have earned it, not for those who are here illegally.
Assistant Attorney General Kristen Clarke added to the liberal agenda, stating that denying credit based on immigrant status may violate federal law. But lenders should have the right to assess the risks associated with lending to non-citizens. It’s not about bias or discrimination, it’s about responsible lending practices.
Some financial institutions have rightfully voiced their concerns, insisting that they adhere to the ECOA’s guidelines when considering immigration status in credit decisions. Yet the joint statement from the CFPB and the Justice Department challenges this, suggesting that any consideration of immigration status that leads to discrimination based on national origin or race is a violation. It’s clear that the Biden administration wants to punish any financial institution that dares to prioritize American citizens over illegal immigrants.
If a bank or lender has a policy that refuses certain non-citizens or sets different standards for them, they become a target for the Biden administration. This is a disturbing revelation, as it shows that Biden’s policies are eroding the integrity of our financial system and placing the interests of illegal immigrants above those of American citizens. It’s time to put America first and stop rewarding those who break our laws.
