U.S. Bank Remitance Program Case Essay

U. S. Citizen beach Remittance Program I reckon it is estimable for U. S. Citizen Bank to unfold their remittance program and to continue to allow the matricula consular cadencehook as a postdately form of acknowledgement. My argument will be that it is more ethical for U. S. bank to offer business to immigrants, even if they be bootleg immigrants, but I believe that the argument that the matricula vizor is a reasonable arising of realisation is false. The matricula consular notification is a source of identification that is stretch outd by the Mexican governing body to protagonist them keep go track of their citizens who argon abroad, mostly for tax purposes.A Mexican citizen can still obtain this card if they provided an original birth certificate, photo identification and inference of residency within the unify States, such as a value bill. In 2001 Wells Fargo began evaluate matricula cards as a proper form of identification along with U. S. Bank a month later. It was not long thereafter where U. S. Citizen Bank joined in with heavy merchandise to draw in to the untapped marked of the increasing population of Hispanics in the united States.With the acceptance of these cards the banks were now allowed to offer remittance serve to Mexican immigrants where they could disseminate bills back to an account in Mexico, which is an issue I will be discussing later. In 2002, thirteen states accepted the matricula as a valid form of identification, including 800 sheriff offices. In my perspective, the idea that not except banks but many states and hundreds of sheriff offices accept a Mexican issued form of identification which proves valid U. S. citizenship just by representation of a utility bill is absolutely ludicrous.In my opinion there is no itinerary that any entity or governmental agency stand forually thinks that a utility bill presented to a consular office of the Mexican government can prove that you be a United States citiz en. If you ar a United States Citizen you should bear some different source of legal identification on you that is issued by the United States. This proves that banks, states and sheriff offices all know that there ar some flock who stimulate this card that are not legal residents of the United States.This shows that with the matricula card creation deemed a valid form of identification by banks, it is going to be easier for contraband immigrants who possess the card to get banking returns. This leads to the ethical question of is it ethical for banks to knowingly offer banking services to potential iniquitous immigrants possessing the matricula card? To this question I answer, yes. As questi sensationd in the case, I believe that it U. S. Citizens integrated occupation to obey the laws of the United States and support the values of our terra firma.This leads to many people arguing that they these banks are going against what the United States trusts in keeping ille gal immigrants out of our country. It is proven that the United States government spends millions of dollars each year on border patrol to keep illegal immigrants out of our country. However, once the illegal immigrants get into our country the United States government seems to take a entirely different stance and their view almost seems to switch to the complete other side. Once the illegal immigrants hop the border it almost seems like the government is more worried about part them.We pick out states accepting illegitimate child forms of identification as being valid and in October of 2001, the U. S. PATRIOT act instructed the Secretary of the U. S. Treasury to provide regulations for certain customer identification that banks demand to obtain before they could open an account and they never did. We also fall in the chairman of the Federal Deposit Insurance Corporation, who was also a power regulator, commenting on the matricula, saying that the banks are doing sober busin ess and he mentioned that accepting it as valid identification was good policy. The banks are doing their corporate duty to our nation by continuing to accept the matricula as proof that these immigrants are U. S. citizens because in my opinion, if they United States government was against it, they would be stopping it It is also in the banks best interest to do business with these immigrants. They saw a large untapped opportunity in the market of increasing Hispanics and they decided to stick to it. It has ultimately affected their bottom line showing a veridical amount of profits through their business.I am going to coerce the guess that by the banks offering their services to immigrants that the customers are doing more overall good than bad and that there is an extremely low number of customers who are genuinely using this money to fund dose cartels or to transfer money to terrorist funds and here is why. The profit of banks relies a lot on trust. Banks privation to trus t the customer that they will requital them back. As mentioned in the condition it says that when customer wanted banking services they would often go and sit nap to with a banker to go through their products. I believe that this depend to face interaction weeds out many of the terrorists and drug smugglers of the group. Also, I believe that the banks are truly helping people that are in contend. These are immigrants who are coming to America and looking for a better way of life than what they had before. They may have left their family and friends to get away from a terrible way of life in their foreign country.The banks are helping these people understand how to manage their money, and they are giving them the ability to send some of the money they are making back to their foreign country to help support their family or whoever they so please. They no longer have to sit or hide bundles of cash leaving them bigger targets for robbery. Again, making the assumption that the bank s customers are doing more harm than good, I believe that this benefits our ordering as a whole. In society, we want all of our people to have a fair demote and that is exactly what the banks and the United States are doing.They are giving the 45-55% of Hispanics whove never had a banking relationship a fair chance at success. Where my biggest issue lies in this case is in the hypocrisy of the United States. I believe with the matricula being accepted by many states and sheriffs passim the United States that it for sure acceptable for U. S. Citizen to accept it as valid identification as well, being that they are looking to make money and that they are certainly helping out a Hispanic population.However, the United States should make a stand on either side of this issue, because you most certainly cant have both. You cant set up border patrol to keep Mexicans out than say that a card issued by the Mexican government proves that they are a United States citizen and let them stay in our country. Although they are not forced to recompense taxes, and we as American are financially hurt because we are forced to pay more taxes on them, this small financial loss to our society is outweighed by what should be our willingness to help people that are in need.Now it is probably admittedly that a few of these banks may be allowing the certain aid of drug cartels or other illegal acts. scarcely who says that if I go to a bank and apply for a loan that they know that I wont use that money to buy an immense amount of drugs? I work for a bank and we recently had a transaction where we suasion we had a legitimate customer and we ended up funding the menage based out of Chicago. It is the banks duty to offer services to those in need if they believe that they are a valid customer and are confluence their compliance guidelines which U.S. Citizen has. The United States should not accept this card as valid identification because for the easy answer, it is not valid identi fication. We have conflicting agencies, one being the FBI saying that the card is not valid and sheriff offices saying that it is. But as long as the United States is accepting it as valid I. D. than the banks should too because they are certainly doing more good than harm by offering their banking services to these immigrants.The United States needs to eliminate this card and come up with a better way and system to make the illegal immigrants citizens of our beautiful country. Right now American are seeing a portion of our taxes going to illegal immigrants so that their kids can go to a public school and that we can provide them with health care. This is not salutary to our society as a whole and that I believe that if they want to come in to our country that they should have the same duties as Americans to pay taxes and to continue to better this country.In conclusion I believe that U. S. Citizen Bank is doing the just thing by allowing the Mexican immigrants a chance at banking service even with the acceptance of the illegitimate source of identification in the matricula consular card. It is benefitting not only the bank but it is helping out those that are in need of these services and giving them a chance to help their friends and family at home that may be struggling. The basis of this decision to continue is solely because of the United States government acceptance of the card and not because the card is valid.