Banks and other lenders are supposed to review whether a potential borrower can repay a loan. Now, the CFPB is telling lenders that they need to include the prospect of someone getting deported in those calculations.
news.bloomberglaw.com/banking-law/...
New guidance from the Consumer Financial Protection Bureau calling for banks to consider a potential borrower’s immigration status in ability-to-repay reviews for mortgages and other credit is set to ...
