local
Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US
By Fatima Hussein And Ken Sweet, Associated Press at KSAT 12 (ABC affiliate)
· July 13, 2026
· 3 min read
The Trump administration is taking additional steps to prevent people living in the U.S. illegally from using the nation's banking system, cracking down on financial institutions that are lending money to them.On Monday, a group of financial regulators is set to issue guidance intended to remind ...
Key takeaway illegally from using the nation's banking system, cracking down on financial institutions that are lending money to them.
Why this matters in The San Antonio
In San Antonio , where a significant portion of the population is Hispanic, the new guidance on bank lending risk could have a disproportionate impact on local communities. The city's large immigrant population may face increased scrutiny when attempting to access financial services, potentially limiting their ability to secure loans or credit. This could have a ripple effect on the local economy, as individuals and families may be forced to rely on alternative, potentially predatory, financial services. Furthermore, the lack of data on the number of people in the US illegally who have bank accounts and loans makes it difficult to assess the full extent of the guidance's impact on San Antonio's financial landscape. As the city's financial institutions begin to implement the new guidance, it will be important to monitor how it affects access to credit for immigrant communities and the overall health of the local economy.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 13, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 3 min
Get more The San Antonio stories like this
Free weekly briefing covering local and other local news. Curated by our editorial team. No spam.
By subscribing you agree to our privacy policy . Unsubscribe anytime.
Frequently asked about this story
What is this story about? The Trump administration is taking additional steps to prevent people living in the U.S. illegally from using the nation's banking system, cracking down on financial institutions that are lending money to them.On Monday, a group of financial regulators is set to issue guidance intended to remind ...
When was this published? This article was first published on July 13, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Fatima Hussein And Ken Sweet, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
← Back to all news
More local →
Today’s briefing
Subscribe to newsletter