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Lenders in US cannot discriminate based on immigration status
![IndiaTimes]()
Tuesday, 7 November 2023
The Consumer Financial Protection Bureau and Department of Justice have issued a joint statement on fair lending and credit opportunities for noncitizen borrowers. The statement emphasizes that lenders cannot discriminate based on national origin or race, regardless of immigration status. While immigration status can be considered for repayment purposes, overbroad reliance on it may violate anti-discrimination laws. The statement warns against criteria that may serve as proxies for citizenship or immigration status and requirements that only apply to certain groups of noncitizens. Violations could harm applicants based on national origin or race.
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Tuesday, 7 November 2023
