Treasury Secretary Scott Bessent put banks on notice Thursday, warning that the Trump administration will not tolerate banks providing risky financial services to illegal aliens. “This Administration will not tolerate blatant abuse of our financial system, nor will it permit risks posed by the extension of financial services to illegal aliens,” Bessent said. “Taken together, these actions reflect a broader effort to deny unlawful activity any foothold,” Bessent said. Non-work authorized populations and their employers often rely on access to the U.S. financial system. The guidance calls on financial institutions to assess borrowers’ willingness and ability to repay and to identify, monitor, and control the resulting credit risks.