Why the Center for Financial Services Innovation cares about a Universal Basic Income
By Rachel Schneider & Jennifer Tescher, Financial Health Network Sometimes, complex problems demand simple solutions. According to Financial Health Network’s research, 57% of Americans are financially unhealthy. The Pew Charitable Trust found that over 70% of Americans are income limited, savings constrained or debt challenged, and a third of Americans experience two or even three…
Consumer Data Sharing Principles: A Framework for Industry-Wide Collaboration
Over the last two decades, the emergence of new intermediaries that aggregate data from numerous sources has enabled financial services providers of all kinds to provide consumers with a more complete view of their financial lives.
Webinar: 8 Key Indicators of Financial Health
What’s measured is what matters. To support innovative providers that value consumer financial health, the Financial Health Network has identified eight key indicators.
“VITA Credit Builder” by Mission Economic Development Agency
In 2010, Mission Economic Development Agency (MEDA) launched its Volunteer Income Tax Assistance (VITA) Credit Builder program with the primary goal to establish or improve credit for low-income Latino immigrants and help them responsibly manage credit over the long term.
A Snapshot of Quality and Innovation Among Small-Dollar Credit Installment Lenders
Millions of Americans lack access to high-quality, affordable credit. While innovating in the small-dollar credit industry poses challenges, the opportunity to serve borrowers in need of high-quality, small-dollar loans is significant.
Coming Up Short Infographic
Over 100 million Americans encounter difficulty managing their household cashflow. This infographic illustrates some of the challenges these households face and describes how the Financial Solutions Lab can help to improve their financial health.
The Financially Tenuous, a Consumer Financial Health Segment
More than half of Americans in the tenuous segment live paycheck to paycheck (53%) and struggle to keep up with bills and credit payments.
2013 Consumer Financial Health Study Brief
To be truly groundbreaking, financial services companies must go further than delighting their customers with convenient, beautifully designed products and services.
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.
Infographic: 2013 Financially Underserved Market Size
The underserved represent a vast opportunity for financial services providers to meet consumer demand for high-quality products that support financial health.
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.
Redstone Federal Credit Union: Thinking Outside the Branch
In 2009, Peter Alvarez of Redstone Federal Credit Union attended his first Underbanked Financial Services Forum, an annual conference held by the Financial Health Network and SourceMedia, to learn more about the underserved market.