Republican Budget Bill Could Change Medicaid for 7 Million
The U.S. House of Representatives narrowly passed a sweeping Republican budget bill early Thursday morning, setting up the possibility of major changes to the Medicaid program that could impact as many as 7 million people, according to the Congressional Budget Office.
The $5 Limit on Overdraft Fees May Soon Be Struck Down
The cap, approved last year, never took effect, though some banks voluntarily lowered or eliminated their fees. Here are some tips on how to avoid or reduce your costs.
Behavioral science strategies for designing retirement plans
Retirement is top of mind for Americans — and for good reason. Among eight key financial concerns, U.S. adults consistently rank saving for retirement as their number one worry. Yet, despite this awareness, many employees fall short of their savings potential, hindered by complex decisions about how much to contribute or which investments to choose.
Beatty Leads Bipartisan Resolution Championing Financial Health for Every American
Today, Financial Literacy and Wealth Creation Caucus Co-Chairs Congresswoman Joyce Beatty (OH-03) and Congresswoman Young Kim (CA-40) introduced H.Res.292, a resolution to recognize April as Financial Literacy Month to increase public awareness of the value of financial capability and the need for sound money management practices.
Consumers Paid $12.1B In Overdraft/NSF Fees in 2024—Credit Union Members Hit Harder Than Bank Customers
The data, from the Financial Health Network (FHN), shows those expenditures are approximately 48% more than the company previously thought and that CUs are grabbing a big share of the total overdraft fee market.
Credit unions’ reliance on overdraft fees comes into focus
Americans are paying far more in overdraft-related fees than previously known, with credit unions collecting almost all of the uncounted revenue, according to a new study.
In a deregulatory era, banks need to maintain customer care standards
The financial services industry has made positive gains in consumer trust in recent years. As we enter what seems likely to be an era of deregulation, that newfound trust is theirs to lose, writes Jennifer Tescher, of the Financial Health Network.
Retirement plan design: 4 key strategies to consider
Employers must rethink their retirement benefits and adopt science-backed approaches that drive meaningful impact. Here are four key strategies to consider:
“Every Woman Who Leads Today Makes It Easier For The Next To Rise”
In an exclusive interview with HR.com, Sarah shares her insights on the transformative power of upskilling, her strategies for confronting gender bias, and her optimistic vision for the next generation of women leaders.
How Fintech Leaders Drive Financial Inclusion
As fintech reshapes financial services, leaders explore how fintech expands access.
With the Consumer Agency on Pause, Here’s How to Protect Yourself
Rules on bank and credit card fees, medical debt and payment apps are in limbo. One thing you can do is carefully check your financial statements, one expert says.
Great wage divide: How earned wage access sparks controversy
Earned wage access is shaping up to be the most divisive financial product in decades as industry trade groups and consumer advocates spar over whether EWA should be classified as credit in order to protect consumers.