Will Republicans on the U.S. House Financial Services Committee Force CFPB Director to Answer for Mortgages-for-Illegals Push?

When Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra appears before the U.S. House Financial Services Committee this Thursday, will he be asked about U.S. financial institutions being encouraged to give mortgages to illegal aliens?

After Chopa and U.S. Attorney General Merrick Garland issued a letter last year urging financial institutions to lend to illegals, it appears at least one credit union is doing just that.

North Carolina’s Latino Community Credit Union (LCCU) is one such lender targeting illegal aliens,” reported Restoration News. “The former CEO of LCCU believes that ‘People have the right to fulfill their dreams.’ According to MSNBC, the LCCU provides “mortgages to immigrants irrespective of their immigration status.

Of course, LCCU may simply be following the guidance of Chopra and Garland. The pair of Biden Administration bureaucrats issued a joint letter on October 12, 2023 that, according to U.S. Sen. J.D. Vance (R-Ohio), “dramatically upends decades of guidance from the CFPB and the Federal Reserve” by forcing “American financial institutions to extend loans to illegal immigrants.”

In fact, Vance and every Republican member of the U.S. Senate Banking Committee sent a letter to Chopra and Garland asking them to rescind that letter.

Financial institutions are right to be concerned that they may never see a return on loans issued to illegal immigrants,” said Vance. “If someone is deported to their home country, how is a bank in Ohio supposed recoup the loan it was forced to issue? The federal government should be cracking down on illegal immigration – not encouraging more of it.

And yet, it appears that mortgages are still being provided to illegals.

Restoration News’ Victoria Manning reports:

“Restoration News spoke directly with a LCCU representative about what would be needed for an ‘undocumented immigrant’ to obtain a mortgage. We were provided with this link and were informed the client would “need to have at least a tax ID” and they even offered to process the tax ID on behalf of the client. The LCCU representative further advised that an undocumented immigrant should apply for a credit card once getting the tax ID number to start building credit.”

Chopra is scheduled to provide a semi-annual report to the U.S. House Financial Services Committee this Thursday.

Will any Republicans on the committee back up Sen. Vance and their fellow Republicans on the Senate Banking Committee by asking Chopra about the CFPB’s promotion of mortgages-for-illegals?

American Greatness contributor Steve Cortes, the son of an immigrant and head of the League of American Workers, hope so.

“Does CFPB Director Chopra work for American citizens or for illegal aliens?” told Durham Reporter. “He must be asked about taxpayer support for mortgages for non-Americans.”

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Photo: UNITED STATES - APRIL 26: Rohit Chopra, director of the Consumer Financial Protection Bureau, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled The Consumer Financial Protection Bureaus Semi-Annual Report to Congress, in Dirksen Building on Tuesday, April 26, 2022. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

Notable Replies

  1. Patrick McHenry, North Carolina, Chairman
    Frank D. Lucas, Oklahoma
    Pete Sessions, Texas
    Bill Posey, Florida
    Blaine Luetkemeyer, Missouri
    Bill Huizenga, Michigan
    Ann Wagner, Missouri
    Andy Barr, Kentucky
    Roger Williams, Texas
    French Hill, Arkansas, Vice Chairman
    Tom Emmer, Minnesota
    Barry Loudermilk, Georgia
    Alexander X. Mooney, West Virginia
    Warren Davidson, Ohio
    John Rose, Tennessee
    Bryan Steil, Wisconsin
    William Timmons, South Carolina
    Ralph Norman, South Carolina
    Dan Meuser, Pennsylvania
    Scott Fitzgerald, Wisconsin
    Andrew Garbarino, New York
    Young Kim, California
    Byron Donalds, Florida
    Mike Flood, Nebraska
    Mike Lawler, New York
    Zach Nunn, Iowa
    Monica De La Cruz, Texas
    Erin Houchin, Indiana
    Andy Ogles, Tennessee Maxine Waters, California, Ranking Member
    Nydia M. Velázquez, New York
    Brad Sherman, California
    Gregory W. Meeks, New York
    David Scott, Georgia
    Stephen F. Lynch, Massachusetts
    Al Green, Texas
    Emanuel Cleaver, II, Missouri
    Jim A. Himes, Connecticut
    Bill Foster, Illinois
    Joyce Beatty, Ohio
    Juan Vargas, California
    Josh Gottheimer, New Jersey
    Vicente Gonzalez, Texas
    Sean Casten, Illinois
    Ayanna Pressley, Massachusetts
    Steven Horsford, Nevada
    Rashida Tlaib, Michigan
    Ritchie Torres, New York
    Sylvia Garcia, Texas
    Nikema Williams, Georgia
    Wiley Nickel, North Carolina
    Brittany Pettersen, Colorado

    There’s the list of committee members inclusive of Democrats. One would hope even Maxine Waters understands the optics of preferring to represent illegal aliens over her base of supporters! I will be texting/emailing all of them. If they choose to ignore this offense, it is time for mass tax REVOLTS!

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