Civil Rights Groups to Release Findings on How Banks Can Better Meet Needs of Communities of Color

FOR IMMEDIATE RELEASE                                                                Contact:
May 27, 2014                                                                                      Julian Teixeira
                                                                                                            (202) 776-1812
                                                                                                            jteixeira@nclr.org

New report finds financial institutions are missing the mark on engaging the customer of the future

WASHINGTON, D.C.—Access to financial services including credit cards, savings accounts and emerging banking platforms such as online banking is essential to maintaining a healthy middle class. However, banks and other financial institutions are missing the mark when it comes to engaging the customer of the future: communities of color. Join the Alliance for Stabilizing Our Communities (ASOC), which includes NCLR (National Council of La Raza), the National Coalition for Asian Pacific American Community Development (CAPACD) and the National Urban League (NUL), for a discussion about how the mainstream financial system can increase the financial engagement of low- and moderate-income communities of color in order to ensure that they are more financially secure. The groups will share findings from their new report, “Banking in Color: New Findings on Financial Access for Low- and Moderate-Income Communities,” which examines common banking experiences within these communities, as well as cultural drivers that influence the services consumers seek to meet their banking needs.

To cover this event, RSVP to Julian Teixeira at jteixeira@nclr.org or (202) 776-1812.

MEDIA ADVISORY

WHAT:   Release of “Banking in Color: New Findings on Financial Access for Low- and Moderate-Income Communities”

WHO:     Eric Rodriguez, Vice President, Office of Research, Advocacy and Legislation, NCLR
              Lisa Hasegawa, Executive Director, National CAPACD
              Melissa Koide, Deputy Assistant Secretary, U.S. Department of Treasury
              J. Oscar Ramirez, President/CEO, Avenida Guadalupe Association
              Courtnee Biscardi, Vice President of Programs and Operations, Urban League of Broward County
              Additional representatives from the Federal Deposit Insurance Corporation and Citibank (invited)

WHEN:   Wednesday, May 28, 2014
                9:30–10:30 a.m.

WHERE: National Press Club
                Murrow, White, and Lisagor Rooms
                529 14th Street NW
                Washington, D.C. 20045

NCLR—the largest national Hispanic civil rights and advocacy organization in the United States—works to improve opportunities for Hispanic Americans. For more information on NCLR, please visit www.nclr.org or follow along on Facebook and Twitter.

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