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Trump immigration crackdown hurting small banks on border.
- 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