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WASHINGTON – Most of the Treasury Department’s almost 30,000 responses to its most recent identification question came down on the side of credit unions and banks. In June the U.S. Treasury, after prompting by a U.S. legislator, announced that it wanted to hear more from the public on two questions First, should financial institutions be forced to keep detailed records about the identification their members or customers use when opening accounts and, second, should undocumented residents be allowed to use identification issued by their consulates, the so called “matricula” cards. The Treasury Department had already finalized the regulations, which are due to go into effect on October 1, and it is unclear what the agency could do under regulatory procedures with the new data. Most of the 30,000 responses favored the Treasury Department allowing the regulations to go into effect in the form the Department has already finalized.

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