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Transaction Denied: Big Finance's Power to Punish Speech

by Rainey Reitman

When access to money becomes a speech issue

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AlbakiReads Editorial

When access to money becomes a speech issue

Rainey Reitman examines how banks and payment companies can restrict access to financial services in ways that affect people’s ability to speak and organize. Drawing on research, interviews, and accounts from people in fields including voting rights, Iranian poetry, adult content, and cannabis, the book connects individual experiences of financial exclusion to questions about corporate power, censorship, and democratic accountability. It also considers the laws and company policies involved, and advocates for greater transparency and support for affected communities.

Good fit for readers who enjoy

  • Readers interested in censorship, civil liberties, and the role of corporations in public life.
  • Those seeking accounts of financial exclusion across a range of communities and professions.
  • Readers exploring questions of democratic accountability and financial-system transparency.

Themes

Financial censorshipCorporate power and speechFinancial exclusionDemocratic accountabilityTransparency

Based on publisher information and book metadata.

Book overview

Exposes how companies like Visa, Chase, PayPal, Bank of America, and Mastercard use their power to silence dissenting voices and hurt democracy through the practice of financial censorship

Civil liberties activist Rainey Reitman introduces readers to the concept of "financial censorship"--a form of privatized censorship where banks and payment intermediaries act as censors in ways the government couldn't do directly without violating the First Amendment. Reitman examines financial companies and the role they have played in policing speech, as well as the laws and corporate policies that have enabled this form of censorship.

Weaving together over a decade of research with interviews and narratives from those personally impacted by financial censorship, Reitman reveals how financial exclusion has become a tool to pressure marginalized voices into silence.

From the executive director of a voting rights nonprofit to a teacher of Iranian poetry, to adult content creators and the cannabis community, Reitman uplifts the voices of those who have been targeted by these powerful institutions. She uses their stories as a launching point to explore larger issues about who should have the power to censor in a democratic society.

Insightful and fresh, Transaction Denied exposes this new and alarming form of censorship and offers a path forward by advocating for communities affected by financial exclusion and calling for more transparency of our financial systems.

A portion of every book sale goes to support Freedom of the Press Foundation.
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