The Biden Administration Announces New Actions to Lessen the Burden of Medical Debt and Increase Consumer Protection
Vice President Kamala Harris to announce reforms across four areas to ease the burden of medical debt, giving more American families the opportunity to thrive
Better Together: Meeting the Needs of Consumers of Color Through Partnerships
Change Machine and NALCAB share some key takeaways for nonprofit practitioners and fintech providers who are committed to reducing the digital divide.
BNPL effects on financially vulnerable coming into focus
The use of buy now, pay later (BNPL) services has exploded over the past few years, and only now are we beginning to learn the impact of that boom. In March, the Financial Health Network released Buy Now, Pay Later: Implications for Financial Health.
How Traditional Banks and FinTechs Can Help You Manage Your Money
Financial institutions can help consumers who are struggling to spend, save, borrow, and plan by focusing on bettering financial health. How is your financial health? Chances are it could be better.
How Matt Bahl is Shaking Up HR with Empathy & Support
Matt Bahl has been involved in the field of human resources (HR) for nearly a decade. For our latest Faces of HR profile, we sat down with Matt to discuss how he got his start in the industry, his biggest influences, as well as his “best mistake” and what he learned from it.
ID Access for Returning Citizens: Learnings from the Field
Access to mainstream financial services, like a bank account, is critical to financial health and provides people with a safe way to store money, transact, pay bills, and build savings. But, being “banked” remains a financial health challenge for many. In 2019, according to the FDIC, more than 5% of U.S. households – 7 million […]
One in Four BNPL Users Are Financially Vulnerable
This is according to new data released by the Financial Health Network (FHN), which has brought to light how financially vulnerable consumers are the most likely to use BNPL and are also the most likely to struggle repaying loans.
Prudential Foundation: Using Philanthropy To Drive Racial Equity and Financial Inclusion
How can corporate philanthropy advance racial equity in meaningful ways? Discover how Prudential Foundation is using its latest round of grants to improve financial health and inclusion.
Buy now, pay later finds an audience in the financially vulnerable. ‘It’s a slippery slope over time’
What if there was an alternative to credit cards, enabling customers to finance the products they need at 0% interest? That's a real financial product, and it's called buy now, pay later (BNPL).
Financial Health Network Releases New Research Finding that Financially Vulnerable Consumers Most Likely to Use and Struggle With Repaying Buy Now, Pay Later Loans
Data also shows overwhelming majority of users understand terms and are successfully using the product.
To Address the Financial Health Gender Gap, Let’s Fix the Care Economy
New survey data finds lack of affordable, reliable childcare holds women back from working.
Bank of America First Recipient of J.D. Power Financial Health Support Certification
Data analytics and consumer intelligence firm J.D. Power on Friday (March 4) launched a financial health certification program that recognizes retail banks and credit card issuers “that deliver a high level of satisfaction” through personalized products and services for their customers.