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FrankNez - Retail News, Financial News, Economy News, Stock Market News, Business News About FrankNez FrankNez

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Latest
US Banks Are Now Under Investigation For Wrongfully Closing Accounts
Employees Stress Over More Amazon Layoffs in 2026
Regulators Are Now Avoiding Communication with Next Bridge on MMTLP
US Banks Now Receive Subpoenas Following a Massive Margin Call
Bank of America Branch Closures Now Surge Before Year Ends
JPMorgan Firm Now Barred by Regulator for Illegal Trading
Investors Now Press Trump on The MMTLP Scandal: What’s Next?
Certain Banks and Credit Unions Can Now Freeze Accounts Under New Law
Home/Banking News/Arizona GOP Candidate Now Claims Migrants Receive Free Money
Market News Today - Arizona GOP Candidate Now Claims Migrants Receive Free Money

Arizona GOP Candidate Now Claims Migrants Receive Free Money

By Frank Nez
December 13, 2023
2

An Arizona GOP candidate now claims that migrants receive $5,000 in free money alongside other massive benefits.

Arizona GOP Senate Candidate Mark Lamb, also serving as Pinal County Sheriff, asserted without providing evidence that migrants crossing the border illegally were receiving $5,000 prepaid Visa cards and much more.

Federal agencies have also denied knowledge of such programs, which Lamb offered no proof of his claim on X (formerly known as Twitter).

Providing a $5,000 payment to each family crossing the border would amount to a substantial daily cost, making it challenging to keep such a large-scale program discreet, reports Jon P. on NewsBreak.

“The sheriff made these allegations in a video shared on his Senate campaign account on X, where he asserted that “our government” was distributing gift cards, cell phones, and airline tickets to any domestic destination for migrants entering the country.”

Users on X are scrutinizing Lamb for his claims without proof.

This is unacceptable! https://t.co/tOdeRxsMIq pic.twitter.com/bwLcEsorBU

— Sheriff Mark Lamb (@sherifflamb1) December 5, 2023

“When these folks come across and they’re processed, they’re being given a cell phone, a plane ticket to anywhere they want to go in this country—so, probably to a community near you—and a $5,000 Visa card,” Lamb says in the video.

So far, there has been no evidence of our U.S. government providing undocumented migrants with $5,000 gift cards.

According to a spokesperson for U.S. Customs and Border Protection, no such gift cards are issued by the agency, as confirmed with Newsweek on Thursday.

Newsweek reached out to the Department of Homeland Security and U.S. Immigration and Customs Enforcement via email on Thursday, but as of now, there has been no response or comment from these agencies.

This is a developing story — for more news and updates like this, opt-in for push notifications.

Also Read: Texas Now Has Massive Departures As Residents Leave State

Other Economy News Today

Market News Today - Arizona GOP Candidate Now Claims Migrants Receive Free Money.
Market News Today – Arizona GOP Candidate Now Claims Migrants Receive Free Money.

64 bank branches have now filed to close down according to the latest notice from the U.S. Office of the Comptroller of the Currency.

During the week between November 12 and 18, a total of 64 bank branches filed to close down for good.

The closures will affect customers of more than 10 well-known banking chains, reports The-Sun.

“PNC Bank, the country’s sixth largest, decided to shutter the most branches during that week.”

“A total of 19 locations were slated to closed for good across eight states from Texas to New Jersey.”

PNC has already closed dozens of branches this year, with chief executive officer William Demchak telling investors in July that the bank is “going to have to take a hard look” at where it can “generate savings.”

Chase filed to close the second-largest amount of branches during the November bloodbath, with 18 locations being slated for closure.

Citizens Bank filed to close eight branches, U.S. Bank filed to shutter seven locations, and Bank of America filed to close five locations.

Meanwhile, Citi Bank slated two branches for closure, and several smaller banks filed to close a single location.

One of the biggest reasons why we’re seeing more bank closures across the country is due to the massive rise of online banking.

The surge of online banking has triggered banks to pivot more towards the digital world, resulting in US bank closures.

Although many Americans enjoy the convenience of online banking, experts have warned that a digital banking industry leaves certain customers vulnerable to improper practices.

A report from the National Community Reinvestment Coalition found that when there are fewer branches in an area, more people use “alternative financial services that open them to unregulated and predatory financial practices.”

Meanwhile, a recent survey by Daily Mail found that 51% of Americans were either “very concerned” or “somewhat concerned” about the closure of bank branches.

But I’d love to know your thoughts on these bank closures — leave your thoughts in the comment section down below.

Also Read: A US Bank is Now Denying Customers Access to Money

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Market News Today - Arizona GOP Candidate Now Claims Migrants Receive Free Money.
Market News Today – Arizona GOP Candidate Now Claims Migrants Receive Free Money.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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2 Comments
  1. Frank Nez says:
    December 13, 2023 at 8:10 pm

    For more news and updates like this, opt-in for push notifications.

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  2. Frank Nez says:
    December 13, 2023 at 8:10 pm

    Leave your thoughts below.

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