Consumers have more power than ever over the data they need to manage their finances. Yet high-profile breaches and policy gaps continue to raise critical questions about data privacy and protection. Explore our research, best practices, and efforts to develop policy and industry-led solutions for consumer data sharing.
Pressure-test AI in real financial health scenarios, uncover bias and blind spots, and leave with practical guardrails for using AI responsibly in products and services.
Explore the future of financial health measurement in this interactive session. Through small-group discussions, get guidance to inform your strategy and help shape the next chapter of financial health analytics.
Fees and interest surged by nearly $100B over two years as student loans resumed and credit card debt grew, costing Financially Vulnerable households 17 times more of their income than Financially Healthy households.
Financial Health Network research reveals that Americans spent $455 billion in financial services fees and interest in 2024 as credit costs, student loans, and deep inequities strain households.
This Memorandum is submitted in support of intervenor Financial Technology Association’s opposition to plaintiffs’ and defendants’ motions for summary judgment and in support of intervenor’s cross-motion. Amici are non-profit organizations dedicated to advancing the financial health of American households.
Consumer’s ability to access and electronically share their financial data has already demonstrated considerable financial health benefits. But our research among consumers, their financial app providers and data aggregators reveals seven “pain points” impeding data access and preventing consumers from sending their data where it can do them the greatest good. The Bureau’s pending rulemaking under Section 1033 of Dodd Frank can best serve financial health by incorporating a few basic principles that will enshrine consumers’ data access rights.
The Consumer Financial Protection Bureau's recent Regulatory Agenda indicates that the bureau plans to commence a rulemaking in November to implement the data sharing provision in Section 1033 of the Dodd-Frank Act. For that rulemaking to enable consumers to enjoy the benefits of more open data, the CFPB should heed Director Rohit Chopra's recent call to eschew "highly complicated rules that have long been a staple of consumer financial regulation" and instead develop a principles-based approach that addresses the most significant pain points in the data ecosystem today and will allow the market to evolve over time.
Gas prices are still high across the country, which is causing stress and financial hardship for many Americans, according to a recent Gallup survey. But not as many Americans are stressed as in the past when gas has been expensive. When gas prices spiked in 2005 and 2008, more than 70% of people said it was causing them financial hardship. Now, about half of Americans are saying that.
As part of our DEI commitment, the Financial Health Network is updating our survey questions and analysis around ethnicity, gender, LGBTQIA+ status, and ability.