Appleseed to Host News Conference on Immigrant Access to Financial Institutions

Appleseed to Host News Conference on Immigrant Access to Financial Institutions

Release of First-of-Kind Educational Brochures


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–(HISPANIC PR WIRE)—-

ADVISORY for Tuesday, February 22nd, 2005

WHO:

— Linda Singer, Executive Director, Appleseed Foundation

— Ann Baddour, Texas Appleseed

— Jose Marrero, JAM Latino, Brochure Creator

— Oscar Rios Pohirieth, NE community member who immigrated from Mexico

— Representatives from Texas, Nebraska, & Chicago Appleseed and from White & Case law firm

WHAT:

A telephone news conference to highlight immigrant financial access issues, personal stories, and new Appleseed financial literature brochure series

WHERE:

866.253.6509, no pass code required

WHEN:

Tuesday, February 22

11:30am EST

WHY:

In the United States today, more than half of all Latino immigrants do not have bank accounts. Lack of such access is becoming a significant impediment for families trying to achieve the American dream. Immigrant and Latino working families can not save money to buy homes or send their children to college; they can not establish credit histories; they are subjected to predatory financial practices, including pay-day lending and inconsistent remittance transactions; and they frequently are targets and victims of serious crimes while carrying or storing cash. As a result, mainstream banks and other businesses are missing out on a significant pool of new customers.

Working to eliminate the cycle of poverty, Appleseed has created a unique series of nine financial access brochures (in English and Spanish) making important consumer information available to unbanked Latino immigrants.

On Tuesday’s call, Oscar Pohirieth will offer first-hand, personal stories about how he and his family have had to deal with the financial access hurdle – and how to improve the status quo.

RVSP:

Please RSVP for Tuesday’s news conference no later than COB, Monday, February 21 to Ken Goldman, VP Communications, Appleseed Foundation @ 202.347.7960. For Spanish, please RSVP to José Marrero, @ 512.477.3378. Lines are limited and are first-come, first-served.

To learn more about Appleseed and our financial access project, please visit us at http://www.appleseeds.net.

–30—

CONTACT:

Ken Goldman

202.347.7960 x103

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In Spanish, contact

José Marrero

512.477.3378

Appleseed to Host News Conference on Immigrant Access to Financial Institutions