Latino Credit Card Use: Debt Trap or Ticket to Prosperity?
Publication Date: January 2007
Special Collection: John D. and Catherine T. MacArthur Foundation
Keywords: Hispanic population; Economic inequality; Household income; Financial institutions
Coverage: United States United States
This report by the National Council of La Raza found that unfair and abusive credit card policies and practices trap Latinos in a cycle of debt. Latino Credit Card Use: Debt Trap or Ticket to Prosperity?, which examines practices in the credit card industry, also shows that Latinos need greater access to affordable credit.Executive