LexRegPulse Daily - Aug 14, 2026
Alex here. This is LexRegPulse Daily for Friday, August 14, 2026.
The Federal Reserve issued new supervisory guidance Thursday on lending to individuals not legally authorized to work in the United States. It's the fourth banking regulator to address this exact question in roughly a month. That coordination is today's real story — not any single agency's move.
SR 26-4, dated August 13, tells examiners how to evaluate credit risk in this lending — employment stability, income sustainability, collateral enforcement. It's guidance, not a new rule. No compliance deadline attaches. But it follows…
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