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There is a big financial opportunity out there. You just need to know a few facts to tap into it more efficiently.
According to the latest Federal Deposit Insurance Corp. report survey, 48.7 percent of Latino households were “unbanked” or “under-banked.” This means those families have never had an interaction with a financial institution or they have poor access to mainstream financial services normally offered by retail banks.
Since Hispanics are the fastest-growing consumer market in the U.S., that’s a huge chunk of business many banks are missing out on. READ MORE