The Fallacy of Financial Literacy

The banking industry has come under intense scrutiny in recent years and for good reasons. Banks are a tool, but like any financial tool, if you don’t know how to use them and ask the right questions, this same tool that can be so helpful in your financial journey can be just as harmful. Today, we welcome back Vrinda Gupta, owner and founder of Sequin –– banking for women, by women –– to talk about all the ways that banks make money off a lack of financial literacy and targeting already vulnerable communities. In the episode, we dive into banking fees, loan processes, systemic factors, and the question on everyone’s mind –– can I trust my bank?

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