Regulatory Alerts2026-08-13 | SR 26-4Added
SR 26-4: Guidance on Lending to Individuals Not Legally Authorized to Work in the United States
This guidance reminds Federal Reserve-supervised banking organizations of existing credit risk management obligations regarding borrowers not legally authorized to work in the United States. It does not amend, expand, or alter existing Board regulations. Banking organizations are advised to assess uncertainties related to employment authorization that could affect income stability, repayment capacity, collateral recovery, and portfolio concentration risk through safe and sound underwriting practices.
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