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Mexican Consulate In Los Angeles To Educate Latinos On Opening Bank Accounts

Annenberg Radio News |
September 14, 2011 | 1:48 p.m. PDT

 

courtesy ARN
courtesy ARN
The Mexican Consulate in Los Angeles plans to educate Latinos about opening bank accounts.

Later this year, the consulate will work with Clearpoint Credit Counseling Solutions, a non-profit organization with four offices in Los Angeles.

Latinos are one of the groups least likely to invest in a bank account. A 2009 Federal Deposit Insurance Corporation (FDIC) survey found that 43 percent of Latinos are ‘unbanked’ or ‘underbanked.’

 

This story was originally posted by ARN. To see the full version, click here.

 

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