Don’t turn banks into border agents

Don’t turn banks into border agents


image

Washington is floating a plan that would force banks to collect and verify customers’ citizenship information, with Treasury Secretary Scott Bessent saying the order is “in process.”

The intention may sound good to some: Deal with illegal immigration and tighten enforcement. But good intentions don’t excuse bad policy design. This plan would make law-abiding Americans pay higher costs and surrender more sensitive data because the federal government won’t fix immigration enforcement where it belongs.

Here’s the first principle: If immigration policy is failing, fix immigration policy. Don’t outsource the mess to private institutions and pretend the cost disappears because it shows up as “compliance” instead of a line item in the federal budget. 

SUPREME COURT APPEARS POISED TO ALLOW TRUMP TO END TPS FOR HAITI AND SYRIA

Families still pay. They just pay through higher bank fees, worse service, and more red tape when they’re trying to do normal life: Deposit a

Continue reading

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!