Assessing Customer Financial Health Goes Beyond Product Offerings
Your current and future customers are seeking your help to improve their financial health. How will your support and guidance lead them to success?
How Data Can Drive FinHealth Action
Join us as we discuss the importance of developing equitable measures that encompass all areas of household resilience and prosperity, and how this data could better the economic landscape.
Managing the Initial Financial Shock
Justice-involved individuals and their families face a number of expenses that can create financial strains immediately after arrest, including posting bail and hiring legal representation.
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.
Fintech Innovation Leader Joins the Financial Health Network
Hannah brings a passion for financial health and knowledge of startups, nonprofits, financial services, and the fintech ecosystem at large. She will be responsible for the strategic direction of our Innovation practice, including the Financial Solutions Lab.
Dodging the Overdraft Bullet (So Far)
The economic shutdown and mandatory lockdowns forced many people to limit discretionary spending on retail, food, and entertainment, while stimulus checks and increased unemployment benefits improved financial health in the short term. This aided in a slow down of overdraft.
Credit Union Technology Watch: 5G Networks
Emerging 5G technology is expected to become commonplace. Uncover opportunities to leverage 5G to benefit your organization and your members.
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).
EMERGE Backstage: Bankers as a Social Engine for Good
Hear from Sunrise Banks Chairman and CEO David Reiling as he discusses the Twin Cities-based bank’s efforts to support the urgent needs of its customers during a poignant last few months.
Small Dollar Credit and Financial Health: A Policy Perspective
The Financial Health Network wrote this Policy Perspective that draws on our past small-dollar credit work to inform the conversation around recent regulatory actions.
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.
Youth Finances in the U.S.: Stories of Adversity and Hope
Provided by Principal Foundation, this research reveals findings about the financial struggles of people ages 15-36 living in the United States, with a focus on low- to moderate-income individuals.
Give Consumers Control of Their Financial Data
This research has been provided by Plaid.
Building Your Business Case for Financial Health: Providing Guidance and Support to Increase Customer Well-Being
How can financial health help build your business? For financial services providers considering new programs, tools, or products to improve customer financial health, this report offers a framework for evaluating the business case to implement them.
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.
“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…
Scaling Innovative Solutions to Improve Financial Health: The Financial Solutions Lab
Despite a strong economy and low unemployment, the U.S. Financial Health Pulse shows more than half of Americans are struggling to pay their bills, save and remain financially stable. The problem is most acute for low-income individuals. Five years ago, the Financial Health Network launched the Financial Solutions Lab (FinLab) in partnership with JPMorgan Chase…
Advances in Financial Health Measurement: Insights from the 2018 Financial Health Leaders Program
In 2018, 34 Financial Health Leaders measured the financial health of over 10 million consumers. This report shares case studies and best practices for using transactional data to measure financial health and for sharing consumer-facing financial health scores to empower customers and drive engagement.
2019 Member Kit
Announce your membership publicly and internally using the Press Kit, learn about member-only research and events.
2018 Financial Health Leaders Spotlight: Finicity
Listen in as we hear Finicity share what it’s learning after embedding the CFSI Financial Health Score® into four of its current products.
2018 Financial Health Leaders Spotlight: Cinch Financial
Listen in as we hear how Cinch Financial is using qualitative and quantitative approaches to deliver true financial health at scale to all households through both direct and advisor-oriented channels.
2018 Member Kit
Announce your membership publicly and internally using the Press Kit, learn about member-only research and events.
Dispatch from D.C. September 2017
Member Summit 2016 Presentation
Executive Summary: Eight Ways to Measure Financial Health
The Financial Health Network has developed eight indicators to measure financial health. We believe that these indicators establish a framework for shifting the financial services industry towards a focus on financial health, a focus on improving consumers’ lives.
The Financially At Risk, a Consumer Financial Health Segment
Over 29 million Americans comprise the “at risk” segment – most likely of all the segments to live paycheck to paycheck and run out of money before the end of the month.
The Financial Health Network Comment Letter on New York State Department of Labor Payroll Debit Cards
The Financial Health Network recognizes that access to high-quality financial products are crucial to help consumers improve and maintain their financial health.
Know Your Borrower – The Four Need Cases of Small-Dollar Credit Consumers
An increasing number of Americans are turning to nontraditional credit sources for quick access to cash.
Fresh Ideas for an Emerging Market: Highlights from the 8th Annual Underbanked Forum
As developing technology and new regulations continue to spark competition and transform the marketplace, deep consumer knowledge remains the key to success for businesses across the sector.
Lauren Walker Household Profile: Getting By With Limited Resources
U.S. Financial Diaries Case study: Lauren Walker, 29, is a single mother living with her four-year-old son Riley in a rented townhome in a small town in eastern Mississippi.
Double Duty: Payments Cards as a Doorway to Greater Financial Health
Electronic payments are growing by leaps and bounds,overtaking paper as preferred payment mechanisms.
New Underbanked Market Data from Core Innovation Capital and the Financial Health Network
The products and services that cater to the needs of financially underserved consumers are big business.
The Impact of Innovation – the Financial Health Network Learning Brief Overview
An estimated 30 to 40 million American households are financially underserved. They lack access to the financial products and services that enable them to save, build assets, and achieve financial prosperity.
The Financial Health Network and Asset Funders Network – Financial Services and Asset-Building Brief
Millions of lower-income consumers lack access to high-quality financial products and services that simultaneously meet their short-term needs and prepare them for long-term financial success.
Financial Services in the Workplace: Using Intermediaries to Achieve Long-Term Value
Discover the potential of HR outsourcers, payroll companies, worksite marketing firms, and other intermediaries to provide distribution and marketing opportunities for financial services.
Stored Value Cards: Challenges and Opportunities for Reaching Emerging Markets
This paper discusses the implications of stored value cards for unbanked and underbanked consumers, exploring positive effects such as the potential to build assets and improve credit records.