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Trump immigration crackdown hurting small banks on border.

Authors :
Prior, Jon
Source :
American Banker; 5/10/2019, Vol. 184 Issue 90, p1, 1p
Publication Year :
2019

Abstract

The article describes the challenges faced by small banks in U.S. border towns due to efforts by the administration of President Donald Trump to prevent illegal immigration. According to bankers, strengthening their defenses against money laundering in response to increased scrutiny from regulators and law enforcement has caused their compliance costs to rise. Commerce has slowed down since bottlenecks at border checkpoints discouraged consumers in Mexico from crossing the border.

Details

Language :
English
ISSN :
00027561
Volume :
184
Issue :
90
Database :
Complementary Index
Journal :
American Banker
Publication Type :
Periodical
Accession number :
136354249