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Article: Breaking the walls of stereotype: the top 25 Latinos in finance.
- Article from:
- Latino Leaders
- Article date:
- December 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Ferraez Publications of America Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The financial industry continues to be challenged when it comes to the Latino consumer. With a large percentage of Latinos termed "unbanked", financial opportunities from checking accounts to stock portfolios remain mostly out of reach.
In the summer of 2006 issue of Journal of Consumer Affairs, Sherrie L. Rhine and William H. Greene reported that 34 percent of U.S.-born Latinos ate unbanked, and that Mexican and other Latin American immigrants have the highest rates of being unbanked among all immigrants.
Furthermore, according to the National Council of La Raza's 2004 report Financial Education in Latino Communities: An Analysis of Programs, Products, ...