So many research studies about Americans’ personal finances focus on affluent adults and their retirement savings. But Heidi Johnson, director of behavioral economics for the nonprofit Financial Health Network, has put a spotlight on the money challenges of low- and moderate-income people 50 and older. More specifically: how financial institutions and personal finance apps often […]

America’s current financial system is essentially broken for the many working Americans who live on the edge financially. Mismatched incentives are at the heart of the problem. One has only to look at the sad history of payday and car title loans, subprime mortgages, or bank overdraft “protection” schemes for examples of financial products and […]

Many Americans remain in precarious financial shape even as the economy continues to grow, with 7 of 10 saying they struggling with at least one aspect of financial stability, such as paying bills or saving money. Read the Article >>

We’re encouraged by Federal Reserve Governor Lael Brainard’s commitment to financial health. During her remarks at FinTech, Financial Inclusion – and the Potential to Transform Financial Services, a conference hosted by the Federal Reserve Bank of Boston and the Aspen Institute, she said, “This April, the Center for Financial Services Innovation announced the launch of a […]

The CFPB’s proposal protects borrowers from unaffordable loans, cycles of reborrowing, and exorbitant fees—all positive steps in reducing consumer harm. But if the final rule doesn’t create a clear lane for good lenders to step in with a variety of new loan product designs, the CFPB risks leaving important consumer needs unfulfilled. Read the full […]

Chicago, IL – December 8, 2015 – Today, the Financial Health Network and Core Innovation Capital (Core) released their fifth annual Underserved Market Size Study. The report, which benefitted from the financial support and strategic input of Morgan Stanley and with additional financial support from the Financial Health Network’S Founding Partner the Ford Foundation, reveals […]

The Financial Health Network’s own Jennifer Tescher and Rachel Schneider have contributed a chapter to the newly released book, What It’s Worth: Strengthening the Financial Futures of Families, Communities and the Nations. Americans everywhere struggle to build strong financial futures for themselves and their families. The book provides a 360-degree view of the financial challenges […]

Looking for summer reading? American Banker asks industry leaders like Jennifer Tescher for their recommendations. Check out the list today.