( July 13, 2026, 18:12 GMT | Official Statement) -- MLex Summary: The US Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration issued guidance to remind supervised financial institutions of their existing obligations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized to work in the US. According to the guidance, lending to such individuals may present elevated credit risk because a borrower’s ability to generate income, maintain employment, and remain financially stable may be subject to greater uncertainty.Statement follows in full. Also see attached file. ...
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