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Counseling Yet to Close Bank Gap for Latinos
A Federal Deposit Insurance Corp report notes nearly 20 million Hispanics lack basic bank accounts and explains why education alone fails. It urges Congress to fund community-based financial counseling, tax credits, and sustained outreach beyond one-time fairs. Local agencies warn undocumented immigrants fear identification ties to deportation and rely on informal lenders.
MENTIONED IN THIS ARTICLE
Federal Deposit Insurance Corp
National Council of la Raza
Washington, D.C
Beatriz Ibarra
Bush
U.S. Treasury
FDIC
Elizabeth Kelderhouse
Kansas City
la Raza
Kelderhouse
Congress
Ian Bautista
el Centro Inc
Kansas City, Kan
Bautista
el Centro
Kansas City-area
Pew Hispanic Center
Shane Cuevas
National Bank of Kansas City