Thread: Banks to set up shop at Mexican Consulate

I cannot believe how the Mexican Consulates in the US are just taking over. This makes me mad!! Why would Mexican Nationals need this service if they are here legally? It's all for the illegals. These Mexican Consulates need to go!!


Banks to set up shop at Mexican Consulate

Web Posted: 11/19/2007 09:26 PM CST
Sean M. Wood
Express-News Business Writer

The Consulate General of Mexico signed an agreement Monday with three U.S. banks that could make Mexican nationals more comfortable with the banking industry.

Chase, Citibank and Laredo National Bank will take turns each day manning a desk in the Mexican Consulate on Navarro Street. They will answer questions for Mexican nationals about financial services and products with the hope of eventually turning them into customers at area branches.

"In other areas of the U.S. — New York, Los Angeles, Chicago — we have had a presence in consulates for years," said Iñigo Arzac, assistant vice president and relationship manager for Citibank San Antonio. "Now we can reach out to the Mexican community, especially with the growth of San Antonio."

The banks will not offer any products inside the consulate. But they will answer questions that Mexicans have about credit, bank services and sending money back to Mexico.

Mexicans send billions of dollars home every year in remittances. Remittances have become one of the largest forms of foreign income for the country. In 2006, more than $23 billion was sent to Mexico from nationals living in the United States.

"We're trying to educate a lot of the citizens out there," said Eusebio Rivera Jr., senior vice president at Chase. "If you go back to the history of Latin America, a lot of the citizens are not banking. They are not used to the banking industry."

Arzac said more than half of the Mexican nationals in Texas do not use banks. Nationally, about 45 percent of Mexican nationals are "unbanked."

"We have to provide a lot of education," Laredo National Bank Vice President Gustavo Parra said. "We do a lot of visits to job sites and PTA meetings. We want to help them feel comfortable."

Ambassador Martha Lara said it took several months to pull together the agreement that was signed in a ceremony Monday at the consulate. The banks had to agree, as did the Mexican federal government.

"It was time to do this in San Antonio," Lara said

http://www.mysanantonio.com/news/mexico ... bbe53.html

"We're trying to educate a lot of the citizens out there," said Eusebio Rivera Jr., senior vice president at Chase. "If you go back to the history of Latin America, a lot of the citizens are not banking. They are not used to the banking industry."

The people they are trying to 'educate' are NOT citizens!!! They are ILLEGAL ALIENS!!!

Funny how some think if they use the term 'provide education' that means they have the magic word of the day.

What a crock! It's just another way to aid and abet illegal aliens and this practice should be stopped.

Originally Posted by tinybobidaho

What a crock! It's just another way to aid and abet illegal aliens and this practice should be stopped.

Yeah, but good luck with that one until we get Boosh out of office and Lou Dobbs, Duncan Hunter or Ron Paul elected. The named financial institutions are heavily invested in illegal aliens in terms of personal loans and mortgages. They are merely looking out for their interest.

How can you force an illegal alien to pay off his credit card when you can't even force him to leave the country?

Originally Posted by slyhunter

How can you force an illegal alien to pay off his credit card when you can't even force him to leave the country?

The illegal immigrants will just run up the bills and then leave town. We probably will get stuck with their bills by higher banking fees, etc.