Banking 101 targets Hispanics

“The American banking system, with its myriad layers of debt, money transfers and accounts, is a mystery to some Hispanic people, especially those who don’t speak English.

Among the nation’s 40 million Hispanics, 22 percent of the households don’t have a bank account, according to the Federal Reserve’s 2001 Survey of Consumer Finances. Five percent of non-Hispanic white households don’t use banks. …”

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