UNEP FI launches newest guidance on Financial Health and Inclusion for banks
The United Nations Environment Programme Finance Initiative (UNEP FI) has unveiled its latest initiative aimed at advancing the Principles for Responsible Banking (PRB).
Prudential Financial: Closing the Wealth Gap for Black and Brown Communities
Financial security should be within everyone’s reach. That’s why Prudential is doubling down on helping Black and Brown Americans achieve this goal.
How Companies Can Help Employees Save for Emergencies
Under a new federal law, employers can help some workers guard against financial distress. But setting up these rainy day funds can get a bit tricky.
Employers Can Now Enroll Workers in Some Emergency Savings Accounts
But many companies are spurning the "clunky" legal requirements for accounts linked to retirement plans.
Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year
The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees, created new ways for customers to avoid the penalties.
Doom Spending Is Not Self-Care
The obstacles Gen Z and millennial women face are real. Marketers’ claims that buying more stuff will soothe them is not.
Earned wage access and advances on pay are very different products
The risk of harm to users' financial health is much greater with direct-to-consumer advances than it is from earned wage access programs, write Jennifer Tescher and David Silberman.
Better emergency savings tools for better financial health
I keep thinking about this column from Alex Johnson last month around financial health and savings. To me, one of the biggest disappointments around the past decade of fintech innovation is how little we are moving the needle for the financial health of consumers.
Joe Biden Moves To Slash Bank Overdraft Fees With New Rule
“Banks call it a service,” the president said. “I call it exploitation.”
Finli: Using Fintech To Support Black-Owned Businesses
Learn how fintech Finli partnered with the Financial Health Network to help Black business owners rebuild and recover from the pandemic.
Summer: Helping Borrowers Secure Student Loan Forgiveness
Learn how fintech Summer partnered with the Financial Health Network to help students pay down debt and build their financial health.
ONE@Work: Helping Workers Bridge the Income Gap Between Paydays
Learn how fintech Even, now ONE@Work, partnered with the Financial Health Network to help more people access their wages right when they need them.