Mónica Cordero, Constanza Gallardo, and Alma Sacasa

This story is a project of CUNY Graduate School of Journalism’s Spanish-language class. Professors: Luis Trelles and Miguel Paz. Cristina Maldonado (Research), Davo Galavotti (Interactive Coach). A product of the NYCity News Service at the CUNY Graduate School of Journalism.  

The Shadow Banks of the Barrio

For many Latino immigrants in New York City, an informal network of unregulated loan operators serve as the lenders of last resort. But borrowers soon find themselves buried in seemingly endless debt and haunted by intimidation tactics.