The Financial Health Network Comment Letter on Proposed Amendments to Rules Concerning Prepaid Accounts
The Financial Health Network submitted this letter in response to the request for comment on the proposed Amendments to Rules Concerning Prepaid Accounts, issued by the Consumer Financial Protection Bureau (CFPB, the Bureau) and published on June 29, 2017. Like the CFPB, we recognize the important role that prepaid products and services can play in the financial health of U.S. consumers and we are committed to promoting high-quality financial products. We believe that financial services can be a force for good in people’s lives and that meeting consumers’ needs responsibly is ultimately good for both the consumer and the provider.
The Financial Health Network Comment Letter on Proposed Guidance for Third-Party Lending
The Financial Health Network is submitting this letter in response to the request for comments on the “Proposed Guidance for Third-Party Lending” issued by the Federal Deposit Insurance Corporation (FDIC) and published on July 29, 2016.
#FinHealthMatters: Know Money
By Steven M. Hughes LET’S REWIND. I’m a freshman in college, hungry for food and new experiences as I’m walking across the library bridge. From one end to the other are tables filled with coupons for free pizza, subs and credit cards (one of these things are not like the others). Shortly after all the…
That Moment Your Research Breaks Through
What financial providers need to know about young adults. What if we reached young people at the moment they’re primed to to absorb financial education — a moment like their first paycheck? What if we used that moment to capture people’s attention, and we allow them to open that account to help get started? MyPath, a San…
Press Release: The Financial Solutions Lab at the Center for Financial Services Innovation Identifies Household Cash Flow as the Focus for its First Innovation Challenge
Millions of Americans feel the strains of personal cash flow challenges; points to significant opportunity for innovative solutions powered by technology SAN FRANCISCO–(November 18, 2015)–The Financial Solutions Lab at the Center for Financial Services Innovation (CFSI) today announced that household liquidity, the management and alignment of income and expenses, will be the focus of its […]
The Financial Health Network Comment Letter on the CFPB’s Proposed Rules on Prepaid Cards
The Financial Health Network’s letter to the CFPB focuses on four main areas, each framed around what is best to achieve the overall goal of consumer financial protections that support financial health:
Press Release: New the Financial Health Network Report Examines Four Trends in Big Data That Can Improve Consumer Financial Lives
CHICAGO–(BUSINESS WIRE)–Today, the Financial Health Network, released Big Data, Big Potential: Harnessing Data for the Underserved Market. The report, which benefitted from strategic support and financial input from Morgan Stanley, focuses on applications of big data in financial services and the positive implications it can have on the financial lives of consumers. “Employed responsibly, Big […]
Improving Consumer Outcomes Through Better Disclosure for Prepaid Cards
Increasingly, underserved Americans are turning to prepaid cards to meet their basic financial services needs.
The Financial Health Network First Secured Credit Cards InBrief
The Financial Health Network led a consumer research study on secured card products, conducted with MasterCard and Blue Flame Consulting.
Highlights from the 3rd Annual Underbanked Financial Services Forum
Gain insights from this third annual event, including the importance of building relationships, understanding the underbanked market, and increasing our conversations around saving.
Highlights from the 2nd Annual Underbanked Financial Services Forum
At this second annual event, attendees learned how to reach out to unbanked and underbanked consumers using various methods, including prepaid cards, remittances, credit scoring, and small-dollar loans.
Unbanked to Homeowner
The unbanked and underbanked still face many barriers to asset building, but recent innovations show that it is possible to overcome these challenges through creative strategies.