FinHealth Spend Research 2021
The FinHealth Spend Research estimates what U.S. households pay in interest and fees for common financial services every year. The majority of U.S. households were struggling financially before COVID-19, and the pandemic added pressures that affected access to everyday financial products. This report analyzes how the hundreds of billions Americans spent on interest and fees in 2020 varied by race, income, and other demographic factors, with specific insights into the increased burdens borne by financially struggling consumers.
Bank of America to Cut Overdraft Fees to $10 From $35
Bank of America Corp. said Tuesday it would cut overdraft fees to $10 from $35 beginning in May, following other big banks that have rolled back or ditched such charges.
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EMERGE Financial Health 2021 Schedule
EMERGE Financial Health is an immersive virtual event introducing you to the leaders shaping financial health’s future.
Designing Digital Financial Advisory Tools for Low-to-Moderate Income Older Adults
Most low-to-moderate income (LMI) older adults are financially challenged to reach retirement and maintain their quality of life as they age. This report showcases research insights and design features that financial service providers can leverage to better support the needs of this group as they approach retirement, produced in partnership with the Institute of Consumer Money Management.
Risky Business: Pandemic Underscores How Strong Personal Financial Health Can Build Small Business Resilience
It’s critical that small businesses — especially those in underserved communities — get support from government and philanthropies to rebuild, and that owners also receive personal financial health support so they can build resilience over time and weather future financial shocks.
Financial Health Network Statement on CFPB Payday Loan Rule Underwriting Rescission
The Financial Health Network wrote this response to the CFPB’s decision to rescind the mandatory underwriting requirements of 2017 Payday, Vehicle Title, and Certain High-Cost Installment Loan Rule (Payday Rule).
U.S. Financial Health Pulse Fact Sheet: COVID-19
Looking at existing data on financial health pre-crisis can help us size up its potential downstream effects.
The Future of Worker Benefits — Seeking the Next Generation of Workplace Wellness Solutions
By Jose Galindo, Workplace Financial Health Program Director, Financial Health Network I know first hand — as the founder and former CEO of moneymio.com, the first bilingual online platform dedicated to empowering Latinos in the United States with personal finance education — the challenge young fintech companies face, especially those who are focused on improving the financial health of…
2019 Financial Health Leaders Spotlight Podcast: Steady
Our Financial Health Leaders program spotlights the Financial Health Network members who are at the forefront of financial health innovation. Listen in as we hear Adam Roseman, CEO of Steady, share how Steady is measuring the financial health of their employees and how that will inform their plans for measuring their members’ financial health in the future.
Announcing the Inaugural Partners: BlackRock’s Emergency Savings Initiative
The Financial Health Network joined forces with BlackRock and fellow nonprofit leaders Commonwealth and Common Cents Lab to address the savings challenge with a focus on finding corporate and organization partners that are committed to helping their employees, students, and communities change their savings behavior and thrive.
Something Old, Something New
The features of the financial services landscape that have brought today’s consumers convenience, reduced friction, and easily accessed revolving credit have now been with us for so long that we view them as fixed infrastructure. These gains have been accompanied by a loss of some of the tools and habits of mind that helped the grandparents and great-grandparents of today’s Millennials make it through two world wars and the Great Depression.