This year marked an unprecedented time in many ways, including for the financial health of American households. And with so many competing headlines, it can seem nearly impossible to make sense of it all. Read the Article >>

When COVID-19 hit our economy, workplaces were focused on reacting and responding (often in real time) to address and mitigate the fallout to their business and workforce. The toll on both has been substantial. Every workplace and every worker has been impacted, and industries like retail and hospitality and low- and moderate-income workers have borne […]

According to The Financial Health Network, only one-third of Americans went into the COVID-19 crisis financially healthy. Their paper, “A Country Without a Cushion” (PDF), probes six factors producing this situation: insufficient insurance, income loss, inadequate workplace safeguards, constrained household finances, digital divide and disparate impacts.

The financial future of America and beyond will be shaped by many of todays fintech innovators, eight of whom were selected as winners of the Financial Solutions Lab’s third annual competition. Run out of the Center for Financial Services Innovation with support from JPMorgan Chase, the Financial Solutions Lab identifies companies that can help Americans […]

“In the U.S. we don’t really have an access-to-banking problem,” says Jennifer Tescher, president of the Center for Financial Services Innovation, a nonprofit that aims to help the industry better serve low- and moderate-income consumers. After all, 93% of U.S. households have bank accounts, according to the latest Federal Deposit Insurance Corp. data. “The bigger […]

Millions of Americans rely on prepaid debit cards for daily financial management. In light of the recent RushCard glitches and problems created for customers, Jennifer Tescher and John Thompson encourage readers to not blame the prepaid industry. It is an industry that has made significant strides to help consumers manage their financial lives. Instead, let’s […]

Center for Financial Services Innovation and JPMorgan Chase today commit capital and technical assistance to nine innovative fintech organizations solving cash flow management challenge CHICAGO, June 11, 2015 — Today the Financial Solutions Lab (“FinLab”) announced nine financial technology innovators as the winners of its $3 million, inaugural competition aimed at identifying solutions that help […]