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.
Teach
Due process in this case means deportation through an immigration court.
How do you think this will effect the US economy?
In case you haven’t noticed it, the economy sucks for most people living in my country. Deporting all of those hard working “military” aged men? It is the number 1 train that the Dems will do so well in November.9 of the poorest states are red states.why do they keep voting GOP??
Oil prices have dropped from $105 to $89 but gas prices have dropped only 1 cent to $4.47. the elites who own the refineries are getting richer. The largest refinery in the YuDA is in Texas and is owned by your good friends the Saudis
Someone using an alias wrote:
It’s simple: deport them immediately, and if they have a legal case as to why they should be allowed into the United States, let them make their cases in the American embassies or consulates in their home countries.
Under the Patriot Act, way back in 2001, people had to present a current, valid photo ID to open bank accounts, which meant that many illegals have been dealing mostly in cash. One of the ways the illegals have been getting around the Form I-9 requirement to work here legally is to work for cash.
But working for cash means evading income and Social Security/Medicare taxes as well, and that is a felony. This is the part that those who support the illegals ignore: it’s not just our immigration laws that they are breaking, but other laws as well. Once here illegally, they have to keep breaking our laws to survive.