Banks as Racialized and Gendered Organizations: Interviews with Frontline Workers

Friedline, Terri; Morrow, So’Phelia; Oh, Se‐Young; Klemm, T; Kugiya, Jase

doi:10.1086/721145

Cited by 5 publications

(1 citation statement)

References 69 publications

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“…Immigrants to the US are often confronted with oppressive economic realities based in racial capitalism, where an individual’s racial identity determines their economic and social value in ways that commodify, exploit, and dispose of nonwhite racial identities while simultaneously centering and institutionalizing whiteness (Friedline et al, 2022 ; Leong, 2013 ). These racial capitalist forces create systemic barriers within financial institutions such as language barriers (Fontes & Kelly, 2013 ), fear of deportation (Padua & Doran, 2016 ), and an institutional culture based in formality that runs contrary to the collectivist cultural values of Mexican Americans (Saad-Lessler & Richman, 2014 ).…”

Section: Introductionmentioning

confidence: 99%

The Tanda: An Informal Financial Practice at the Intersection of Culture and Financial Management for Mexican American Families

Quiñones

Grier‐Reed

2023

J Fam Econ Iss

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Tandas, the Mexican variation of lending circles, are an informal financial practice used among Mexican American communities. Tandas are an important asset in families’ resource management strategies, yet the practice is largely unrecognized in the resource management literature and devalued by traditional financial institutions. A qualitative study was conducted to investigate tanda participation of twelve Mexican American individuals across the midwestern United States. This study aimed to develop a better understanding of participants’ motivations to enter, the other financial management strategies employed by participants, and the tanda’s significance to family resource management. Findings revealed that participants’ motivations to participate in a tanda relate to financial accessibility and cultural preferences; participants utilize a range of complementary financial management strategies concurrently with the tanda; and participants perceived the tanda as conducive to their family’s financial goals and well-being, despite acknowledging the risks associated with participation. Developing a better understanding of the tanda provides insights into the ways culture serves as a conduit through which family and individual goals are realized, financial capability is bolstered, and uncertainty wrought by economic and political contexts is reduced.

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Section: Introductionmentioning

confidence: 99%

The Tanda: An Informal Financial Practice at the Intersection of Culture and Financial Management for Mexican American Families

Quiñones

Grier‐Reed

2023

J Fam Econ Iss

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Fintech as invasive infrastructure: a critical discourse analysis of corporate newswires and press releases, 1995–2021

Friedline,

Stewart,

Bolinger

et al. 2024

Socio-Economic Review

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Financial technologies or ‘fintech’—an array of digital technologies ranging from mobile banking and digital payment systems to cryptocurrencies and blockchain technologies—are heralded for solving problems of access to financial products and services and improving people’s participation in the economy. However, we contend that fintech is an invasive infrastructure by learning from Indigenous theorizing of oil and gas pipelines alongside concepts of predatory inclusion and obfuscation. We use critical discourse analysis to study finance, technology and social media companies’ language over nearly three decades of newswires and press releases that promote new retail financial products and services. We develop themes of new products old promises, benevolent exploitation, efficient obfuscation and information extraction. Similar to oil and gas pipelines within the project of settler colonialism, our findings show how fintech operates as invasive infrastructure by serving as a key link for connecting oppressed and marginalized peoples to companies for predation and extraction.

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Banks on a plane: The possibilities and limits of spatial accessibility measures for understanding geographies of financial exclusion

Pardue,

Shelton

2024

Environ Plan A

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This paper examines how the underlying assumptions of geospatial accessibility metrics impact their representation of social and spatial relations and how these assumptions ultimately produce differing understandings of financial exclusion and its geographies. As increasing scholarly and public attention has been paid to the role of policy and institutions in (re)producing racial inequality in the United States, the role of the financial and banking system has taken on a particular importance. While conventional banking services offer the foundations of economic opportunity through savings and credit, these institutions have rarely been spatially uniform in their distribution or equally available to all classes of people. Instead, the growth of alternative financial services (or AFS) has sought to target those left out of the conventional banking system, offering higher interest and often predatory lines of credit to already marginalized people and communities. In order to examine financial exclusion and its geographies, this paper maps both banks and AFS in the Atlanta metropolitan region using five different methods for measuring spatial accessibility. Ultimately, while each of these five methods reveals a bifurcated pattern of financial exclusion across the metro where wealthier, whiter areas have higher access to banks and lower access to AFS and poorer, predominantly Black areas have relatively little access to banks and higher concentrations of AFS, each method produces a somewhat different picture of this process and its geography, calling attention to the role that such metrics play in shaping our collective understandings of racial inequality and how it to address it.

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Banks as Racialized and Gendered Organizations: Interviews with Frontline Workers

Cited by 5 publications

References 69 publications

The Tanda: An Informal Financial Practice at the Intersection of Culture and Financial Management for Mexican American Families

The Tanda: An Informal Financial Practice at the Intersection of Culture and Financial Management for Mexican American Families

Fintech as invasive infrastructure: a critical discourse analysis of corporate newswires and press releases, 1995–2021

Banks on a plane: The possibilities and limits of spatial accessibility measures for understanding geographies of financial exclusion

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