Social Biden admin threatening banks to lend to illegals

[cottagecheesefan]

They say that while it is not illegal to not lend to someone due to their status, doing it on a regular basis is!

Seems ridiculous to me. What if someone gets a loan and then is deported and/or willingly goes back to their home country

 

[Thrawn33]

Grabbing my popcorn for this one...

 

[Belaya Smert]

So just waive the credit score criteria and 2 years of credit history?

 

[reveler]

we are overdue for a new banking crisis.

 

[SummerStriker]

So just waive the credit score criteria and 2 years of credit history?

The argument is that credit scores are the current embodiment of legacy systemic racism and are racist anyway. It is just hard to prove. It is easy to prove with illegal aliens. Once this argument sticks, they'll be able to abolish the system.

 

[Rob Battisti]

While I have a perfect credit score the next time someone asks to run my credit I’m going to point to this and threaten to sue.

 

[Fox by the Sea]

you guys are turning into the dumbest country on the planet, for real.

 

[Rob Battisti]

you guys are turning into the dumbest country on the planet, for real.

Despite trying, we aren’t even in the same league as CANada

 

[Fox by the Sea]

Despite trying, we aren’t even in the same league as CANada

i just don't understand what's going on with you two.
it's an arms race of taking the worst dumb destructive decisions.
we're plenty dumb over here in the EU as well. self destructive and stupid.

 

[Belaya Smert]

The argument is that credit scores are the current embodiment of legacy systemic racism and are racist anyway. It is just hard to prove. It is easy to prove with illegal aliens. Once this argument sticks, they'll be able to abolish the system.

This sounds racist

 

[The XL]

The Biden administration is criminal

 

[Mr Holmes]

You guys remember when Clinton threatened the banks for not giving out mortgages to poor people and then later we had the 2008 crash?

 

[M3t4tr0n]

The argument is that credit scores are the current embodiment of legacy systemic racism and are racist anyway. It is just hard to prove. It is easy to prove with illegal aliens. Once this argument sticks, they'll be able to abolish the system.

It's a shit system that needs adjustment

 

[M3t4tr0n]

You guys remember when Clinton threatened the banks for not giving out mortgages to poor people and then later we had the 2008 crash?

Good I hope we have another crash to reset the shit tier housing market

 

[dildos]

you guys are turning into the dumbest country on the planet, for real.

turning? lol they turned into that like 20 years ago.

 

[wlu.29]

Just to clarify

“This guidance reminds lenders that denying someone access to credit based solely on their actual or perceived immigrant status may violate federal law.”

Having said that, I'm not sure how I feel about this situation.

 

[SummerStriker]

It's a shit system that needs adjustment

I agree

 

[Scerpi]

you guys are turning into the dumbest country on the planet, for real.

Not a joke

 

[JudoThrowFiasco]

Pretty sure the solely argument is meant to included people with who aren't citizens but include student visa, work visas etc. Liberal virtue signaling aside, doubt they really expect banks to hand out loans to illegals.

 

[Mr Holmes]

Good I hope we have another crash to reset the shit tier housing market

We had like decade of the market bubbling before it finally crashed.