Trump Immigration Crackdown Pushing Illegal Aliens Out U.S. Banking System

The number of non-citizens engaged in the U.S. banking system has fallen sharply amid the Trump administration’s crackdown on illegal migrants. Immigrants have been closing bank accounts and going back to keep cash in their homes, according to a report by Bloomberg. Migrants are also taking out fewer loans, the news organization added. Consumer loans to illegal aliens fell by 70 percent since 2024. And lenders are beginning to shy away from entering into such deals to begin with.