Financial Inclusion Under Fire: New CFPB Guidance Sparks Controversy Over Immigration Status in Lending
WASHINGTON — In a move that has sent ripples of concern through the financial services sector and civil rights advocacy groups, the Consumer Financial Protection Bureau (CFPB), under the leadership of Russell Vought, issued a controversial advisory on Friday, June 5, 2026. The guidance encourages lenders to incorporate a borrower’s immigration status into their assessment…
