Terri Friedline’s Research on the Connection Between Race and Financial Services Featured in DBusiness

Professor Terri Friedline’s research on how financial institution locations are influenced by a neighborhood’s racial composition is featured in DBusiness. Friedline’s study analyzed the placement of banks, credit unions and alternative financial services — such as payday lenders — in six Detroit area counties. Her research shows that banks and credit unions tend to withdraw from areas as Black populations grow, whereas alternative financial services target these areas. 

“Some may argue that payday lenders open storefronts in ways that respond to market demand, but this argument is rooted in a disingenuous interpretation of demand,” said Friedline.