{"id":62451,"date":"2026-01-15T13:47:45","date_gmt":"2026-01-15T18:47:45","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=62451"},"modified":"2026-01-15T13:47:45","modified_gmt":"2026-01-15T18:47:45","slug":"bringing-back-common-sense-guidelines","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=62451","title":{"rendered":"Bringing Back Common-Sense Guidelines"},"content":{"rendered":"

On Monday, Breitbart<\/a> posted an article reporting that President Trump has cancelled a Biden-era rule requiring banks to ignore immigration status for loan applications.<\/p>\n

The article reports:<\/p>\n

On Monday, the Consumer Financial Protection Bureau and the Justice Department eliminated<\/a> the Biden guidelines<\/a> that ordered lenders not to consider immigration status when evaluating loan and credit applications, a rule that had major implications for mortgages, credit cards, and auto loans, Bloomberg reported.<\/strong><\/p>\n

The Biden administration maintained that considering immigration status would violate anti-racism laws that ensure equal and fair lending practices.<\/strong><\/p>\n

The Biden era rules were intended to help anchor illegal and temporary visa workers into Americans\u2019 communities, for example, by providing funds for homes, autos, and apartment leases.<\/strong><\/p>\n

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.<\/strong><\/p>\n

The article notes:<\/p>\n

Biden\u2019s rules raised many complaints when they were announced in 2023. One came from then-Ohio senator and now-Vice President JD Vance, who, when Biden made the change, said that considering immigration status as part of the loan vetting process is \u201cnothing short of common sense.\u201d<\/strong><\/p>\n

\u201cA borrower\u2019s likelihood of repayment significantly falls if there is no guarantee that they will be residing in the same community, let alone the same country or legal system,\u201d said<\/a> a Senate letter Vance, along with \u201cevery other Republican on the Senate Banking Committee,\u201d signed in November of 2023.<\/strong><\/p>\n

\u201cFinancial institutions are right to be concerned that they may never see a return on loans issued to illegal immigrants,\u201d then-Sen. Vance said in a press release.\u201d If someone is deported to their home country, how is a bank in Ohio supposed recoup the loan it was forced to issue? The federal government should be cracking down on illegal immigration \u2014 not encouraging more of it.\u201d<\/strong><\/p>\n

American citizenship should have value attached to it. Treating people who are here illegally as citizens undermines the value of citizenship. If I break into your house, I am not automatically part of your family. I have no problem with legal immigration, but people who break the law to come here are not citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Monday, Breitbart posted an article reporting that President Trump has cancelled a Biden-era rule requiring banks to ignore immigration status for loan applications. The article reports: On Monday, the Consumer Financial Protection Bureau and the Justice Department eliminated the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[19007,10348,17091,19006,269,19005],"class_list":["post-62451","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-1974-equal-credit-opportunity-act","tag-breitbart","tag-consumer-financial-protection-bureau-cfpb","tag-immigration-status","tag-justice-department","tag-loan-and-credit-applications"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/62451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62451"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/62451\/revisions"}],"predecessor-version":[{"id":62452,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/62451\/revisions\/62452"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}