|
FINANCIAL INSTITUTION LETTER | JULY 13, 2026 |
|
Summary:
On July 13, 2026, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the National Credit Union Administration issued Interagency Guidance on Lending to Individuals Not Legally Authorized to Work in the United States. The guidance, which the agencies issued in accordance with Executive Order 14406, “Restoring Integrity to America’s Financial System,” reminds supervised financial institutions of existing obligations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized to work in the United States.
|
|
Statement of Applicability:
This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions.
|
|
Distribution:
FDIC-Supervised Institutions
|
|
|
The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe.
|
|
|
|
