The Consumer Financial Protection Bureau and the Justice Department released a joint statement on Thursday notifying financial institutions they cannot discriminate against illegal aliens (immigrants). Translation: Treat them special.
This from townhall.com.
Merrick Garland, exit stage left. But not soon enough.
The reminder states:
All credit applications are protected from discrimination on the basis of their national origin, race, and other characteristics covered by the Equal Credit Opportunity Act, regardless of their immigration status.
DOJ and CFPB said they released the statement over reports of consumers being denied credit cards as well as auto, student, personal, and equipment loans due to their immigration status.
CFPB Director Rohit Chopra said:
Fair access to credit is crucially important for building wealth and strengthening household financial stability.
The CFPB will not allow companies to use immigration status as an excuse for illegal discrimination.
While the Equal Credit Opportunity Act allows a creditor to consider immigration status when determining the “creditor’s rights regarding repayment,” DOJ and CFPB emphasized that unnecessary reliance on a person’s immigration status may violate federal law.
Assistant Attorney General Kristen Clarke, of the Justice Department’s Civil Rights Division, said:
Lenders should not deny people the opportunity to take out a loan to buy a home, build their businesses or otherwise pursue their financial goals because of unlawful bias and without regard to their actual ability to repay.
This guidance reminds lenders that denying someone access to credit based solely on their actual or perceived immigrant status may violate federal law.
Final thoughts: The current mode of operation is to eliminate existing laws and pass new ones that contradict those already written in stone.
The return of Conservatism will be necessary for the end of this Obiden Regime Un-constitutionalism to be realized.
And then who will pay the credit card balances after the illegals are rounded up and put back over the wall?
