Member Summit 2017
Over 175 attendees from over 138 Members joined us for the 2017 Member Summit. At this year’s Member Summit, we highlighted champions who share their strategies, approaches, and results — ultimately bringing together attendees for joint problem-solving.
Member Content Sharing Terms and Conditions
Financial Health Network (the “Company”) maintains a Member Portal (the “Portal”), accessible on a password-protected basis only to Members who establish a Portal account.
Making Client Voice Part of the Design Process: Behavioral Insights Elevate Flexibility and Simplicity in Financial Health Tools
Even before the COVID-19 pandemic, many families across America were struggling to make ends meet. But they still have big hopes and dreams today, from getting a car to finding better job opportunities to buying a home. To achieve any of these goals, saving and credit-building are two critical steps toward financial stability and self-determination. And at the current moment of societal upheaval, financial stability is not just nice-to-have, but vital. Presented by Capital One
Financial Wellness for Employees: Insights from Five Fintechs
Employer-channel fintechs play an increasingly crucial role in supporting employees’ financial health through products like low-cost loans, and financial coaching. The Financial Solutions Lab partnered with the Social Policy Institute at Washington University in St. Louis to examine the uptake, usage, and impact of five companies: Brightside, HoneyBee, Manifest, MedPut, and Onward.
The 4 Phases of the COVID-19 Economy – What Comes Next?
With the arrival of a new administration in D.C. in a few weeks, it’s time to refocus on what Americans need now to support their financial health. Our recently released 2020 Trends Report found that many Americans were able to cope during the pandemic largely because of…
‘A Tale of Two Americas’: New Data from the 2020 U.S. Financial Health Pulse
“It was the best of times, it was the worst of times.” The opening lines of Charles Dickens’ iconic novel A Tale of Two Cities perfectly capture the paradoxical nature of this moment in time. Since March, the news has often featured contradictory narratives about the impact of the ongoing pandemic on people’s financial lives….
Will Financial Health Be the Next Transformation in Banking?
Today, many digital-only banking startups are focused on offering financial health-centric services. A shift toward advancing consumer financial health would be a positive for everyone.
Better for Employees, Better for Business: Providing the Tools to Meet the Financial Health Needs of Employees
Many employees are financially stressed and are looking to their employers for support. In this infographic, we focus on employees’ needs for financial guidance, emergency savings, and debt management benefits. By providing support in these areas, employers can distinguish themselves, improve worker engagement, and help employees to thrive.
Consumer Financial Hardship Study
Provided by TransUnion, this research examines the financial effects of the coronavirus pandemic, providing essential and timely insights into how consumers have fared.
Motivating Change: Behavioral Economics and Financial Health
By Heidi Johnson Director, Financial Health Network Director Heidi Johnson joined the Financial Health Network team in 2019 to lead our work applying behavioral insights to the design and delivery of financial health products. She comes to our organization from the Consumer Financial Protection Bureau, where she led a behavioral research program and contributed to…
Optimizing Insurance and Financial Health
By Hannah Gdalman, Stevenson Fellow, Financial Health Network The recent open enrollment season means that for many of us, insurance is still top of mind. Other key moments such as the start of a new year, tax season, a new job, or family additions also provide a chance to reflect on insurance throughout the year….
Financial Health & Behavioral Change
This research has been provided by FinFit.
U.S. Financial Health Pulse 2019 Trends Report
How is the financial health of Americans changing over time? In a year-over-year analysis, the second annual U.S. Financial Health Pulse report reveals that the majority of Americans are still unprepared for financial shocks.
“Keep the Change”: How Bank of America Pioneered Roundup Savings
By John Thompson, Chief Program Officer, Financial Health Network A main goal of the BlackRock Emergency Savings Initiative is to build and integrate better savings tools to help individuals, especially those with low-to moderate-income, save. My team at the Financial Health Network has done extensive research on the current savings crisis to better understand the…
Deep Impact Through Collaborative Design
By Tanya Ladha, Director, Financial Health Network Financial technology companies, or fintechs, have altered consumer’s approach to their financial lives and financial health. Whether someone wants to save more, budget better, track their spending, or all of the above, there are many apps to support those efforts. Fintech companies can reach consumers anywhere, anytime, with…
It’s a Brave New World: Harnessing the Power of Consumer Data to Improve Financial Health
Data plays an important role in improving consumers’ lives. While there are some risks to sharing data online, with the right safeguards in place, consumer data can provide powerful insights into people’s financial lives that financial service providers can use to develop products, programs, and solutions to improve their customers’ lives.
The Need is There: Secured Credit Cards as a Credit-Building Tool
By Laura Cummings, Director, Financial Health Network Amazon’s new Credit Builder secured card has ignited debate and dialogue about access to credit and the role secured cards can play in helping or harming consumers. We often hear about the millions of Americans who are deep in credit card debt, which points to the downside of…
That’s a Wrap on EMERGE 2019
I had the privilege of serving as emcee at the 2019 EMERGE Financial Health Forum . Here are some highlights from the event.
New Data, New Insights: Releasing the 2018 Pulse Data Set
The data set contains responses from more than 5,000 individuals to 100+ questions about how people are spending, saving, borrowing, and planning.
Financial Retronovation #1: Earmarking Income
One important way to avoid running out of money at the ends of the month is to set aside or “earmark” money as it comes in for bills you know you’ll need to pay.
FinLab Snapshot 2018
To address the broad range of financial challenges facing consumers, the Financial Solutions Lab’s fourth annual Challenge focused on diversity in innovations and teams to promote new financial health solutions for diverse populations. The 2018 Snapshot Report offers insights on emerging trends in the fintech ecosystem and this year's applicant pool.
2018 Member Summit Resources
Resources and presentations from the 2018 Member Summit, October 4-5, 2018 in Chicago, IL.
Member Summit 2018 Agenda
Member Summit 2018 was October 4-5, 2018 in Chicago, IL.
Liability, Transparency and Consumer Control in Data Sharing
With industry leadership and regulatory support, there is an opportunity to build a liability framework for financial data sharing to support consumer protection, innovation and market growth.
Secured Credit Cards: Military and Veteran Service Members
Active military members have more consumer debt and lower self-reported credit scores than civilians, but secured credit cards can limit service members’ financial vulnerabilities.
2017 Payroll Industry Scorecard
The Financial Health Network offers its first quality assessment of the payroll card industry.
The Financial Health Network Comment Letter to the CFPB Regarding Consumer Access to Financial Records
The Financial Health Network submitted its response to the CFPB’s Request for Information Regarding Consumer Access to Financial Records. In the letter, the Financial Health Network describes how companies should design data-sharing partnerships to support consumer choice and innovation. The letter also urges the CFPB to support the industry’s efforts to develop solutions by affirming consumers’ right to access their financial data through principles-based guidance.
The Financially Unengaged, a Consumer Financial Health Segment
A whopping sixteen percent of the country is unengaged with their financial situation. This segment earns its name from these consumers’ lack of awareness about their financial lives and their low level of engagement with traditional financial services.
Dispatch from D.C.—August 2015
The Financial Health Network Comment Letter on Department of Defense’s Military Lending Act
The Financial Health Network believes that access to high-quality financial services is necessary for consumers’ financial health.
Investing in the American Dream
How financial institutions can build long-term relationships with immigrants before and after immigration reform.
Beyond Check-Cashing
Despite their gradual decline in use, checks remain prevalent, accounting for 33% of non-cash payments in the United States by face value.
H&R Block – From Tax Prep to Tax Plus
Since 1955, H&R Block has been known as the go-to company for income tax advice and tax return preparation.
Piggymojo: The Thrill of Impulse Savings
Armed with a Financial Capability Innovation Fund grant from the Financial Health Network, Piggymojo is transforming the way people think about savings.
D2D Fund: Save to Win – The Success of Prize-Linked Savings
Many families are faced with critical choices when it comes to managing household income. General expenses and entertaining or ‘fun’ purchases often overshadow important financial priorities.
National Community Tax Coalition (NCTC) Case Study
The National Community Tax Coalition is a national network dedicated to strengthening economies, building communities, and improving lives through tax assistance and asset building.
Infographic: Compass Guide to Prepaid
Discover the Compass Guide to Prepaid, with insights into the increased use of prepaid cards and the growing need for guidance around developing high-quality prepaid products.
Reaching Underbanked Consumers Through Mobile Services
Underbanked consumers need minute-to-minute information about their finances, and mobile financial services (MFS) are well suited to deliver it.
Turning Today’s Economic Inflection Point into Tomorrow’s Saving Behavior
In the face of today’s economic crisis, Americans have started saving again. And while saving could be a short-lived response to the crisis, the current impetus to save has created an opportunity for financial services organizations to lead the way in encouraging saving, especially those institutions targeting financially underserved consumers.
InBrief on the Underbanked Consumer Study: Characteristics of Latino Un- and Underbanked Consumers
This the Financial Health Network inBrief analyses the financial attitudes and behaviors of the 20.6 million Latino underbanked consumers in the U.S.
Expanding Financial Services to Underbanked Consumers
This paper explores opportunities for using the moment of tax preparation to bridge the gap between the financial needs of underbanked consumers and services that can meet those needs.
Breaking the Savings Barrier: How the Federal Government Can Build an Inclusive Financial System
Learn why an inclusive financial system is important, who the underbanked are and what keeps them out of the mainstream, and what the government and private sector can do about this problem.