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 3 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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The Rising Importance of Stock-Linked Assets in the Black–White Wealth Gap

Lin,

Dominguez

2023

Demography

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Studies have examined the racial disparities in household characteristics, homeownership, and familial transfer as primary drivers of the Black–White wealth gap in the United States. This study assesses the importance of stock-linked assets in generating wealth inequality. As financial assets become a growing component of household portfolios, the Black–White wealth gap is increasingly associated with the racial disparity in stock-linked assets. Using data from the Survey of Consumer Finances and the Panel Study of Income Dynamics, this study shows that the contribution of stock-linked assets to the Black–White wealth gap has expanded in both absolute and relative terms, surpassing those of homeownership and business equity. Furthermore, a substantial disparity in financial wealth exists even for otherwise similar Black and White households. Although the disparity is larger among those with more economic resources, a gap remains among those with less. Lastly, our analysis shows that the combination of lower ownership levels and lower returns on financial wealth among Black households could account for a quarter of the Black–White wealth accumulation gap, net of differences in current net worth and household characteristics. Our findings suggest that considering financial assets is critical for understanding contemporary racial wealth inequality.

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Banks as Racialized and Gendered Organizations: Interviews with Frontline Workers

Cited by 3 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

The Rising Importance of Stock-Linked Assets in the Black–White Wealth Gap

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