Trump Cancels Biden Rules Forcing Banks to Give Loans to Illegal ALiens

Article publisher: 
Breitbart
Article date: 
12 January 2026
Article category: 
National News
Medium
Article Body: 

The Trump administration has canceled the Biden administration’s rules forcing banks to ignore immigration status for loan applications...

The Biden era rules were intended to help anchor illegal and temporary visa workers into Americans’ communities, for example, by providing funds for homes, autos, and apartment leases.

But the Trump administration now says the rule went too far and was inappropriate and that considering immigration and residency status does not violate the 1974 Equal Credit Opportunity Act...