U.S. Representative Andy Ogles (R-TN-05) introduced a bill on Wednesday to enshrine the ability for banks and financial institutions to consider the immigration status of individuals seeking credit or accounts. The legislation follows a joint press release from the Department of Justice (DOJ) and Consumer Financial Protection Bureau (CFPB) which warned financial institutions that considering immigration status could “run afoul” of federal civil rights laws and regulations.
Ogles’ office said in a press release that his bill “would ensure financial institutions are able to consider immigration status when opening credit lines and accounts” in direct response to the CFPB and DOJ press release.
Read the full story