U.S. bank regulators cautioned lenders on Monday that non-citizens working illegally in the United States may have less reliable income and pose higher credit risk. The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Association jointly issued nonbinding guidance reminding banks of existing obligations. The move implements a May executive order from President Donald Trump that directed agencies to identify potential red flags for financial services used by people living in the U.S. illegally. The guidance notes that repayment could be riskier due to loss of employment from nonlegal status, inability to become legally employed, or removal from the country.