Bridging the Gap: Overcoming Barriers to Immigrant Financial Empowerment

Summary

February 25, 2015
The Northwest Queens Financial Education Network, composed of CDP, Chhaya CDC, New Immigrant Community Empowerment (NICE) and Queens Community House (QCH) worked on this report, which is based on 253 surveys. It explores how immigrants in Northwest Queens save and manage money and the barriers they face in doing so. The report also provides concrete suggestions for how policy makers and financial institutions can improve financial empowerment for immigrant communities in Queens and across New York City.

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Read the full report.
Executive Summary: English, Spanish, Bangla

Media Coverage

¿Por qué los inmigrantes hispanos cierran sus cuentas bancarias?, Associated Press, February 26, 2015
Brecha entre bancos e inmigrantes en Queens, Queens Latino, February 26, 2015
Inmigrantes disconfían de las instituciones bancarias, El Diario, February 25, 2015
Northwest Queens immigrants shun banks, Times Ledger, February 26, 2015
Many New York immigrants close bank accounts or avoid them, citing language barriers or high transaction fees, new study found, NY Daily News, February 25, 2015

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