Banking the unbanked: What’s important for Latino consumers

The toll of the Great Recession on the national economy and individual households has been well-documented. Today many aspects of our national economy are thriving, but the recovery for low-income and Latino families has been slower.

Record-high foreclosure rates and persistent unemployment have drained personal savings and increased people’s debt. This has rocked household balance sheets and caused many Latinos to fall out of the banking system.

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