undocumented aliens; financial services

SB 1421 restricts financial services for undocumented immigrants in Arizona. It prohibits banks and check cashers from accepting identification cards issued exclusively to undocumented immigrants or cards marked as not proving legal presence. The bill also bans using an Individual Taxpayer Identification Number (ITIN) as primary ID for loans and requires businesses sending money abroad to verify customers are not undocumented immigrants. These rules apply to all financial institutions, check cashers, and foreign remittance services operating in Arizona.