Death Spiral for Consumers
Despite some recent good news about dwindling household debt, the financial health of U.S. consumers is rapidly deteriorating — and families with children are faring the worst. Read the Article >>
COVID Crushing Millennial Finances — What Bankers Need to Know
The Lockdown Recession has given Millennials another major economic smack in the face, bookending the 9/11 attacks and the Great Recession on one side with the pandemic on the other. The coronavirus slump hit just as they were beginning to find their financial feet.
Why Undocumented Workers Deserve to Be Included in the Social Safety Net
Lack of access to the social safety net has consistently hindered pathways to financial health for undocumented immigrants. Expanding eligibility for benefits to undocumented immigrants, during the pandemic and beyond, would increase financial stability for their families and most likely bolster the economy as a whole.
Millions of American Families at Risk of Missing Out on Economic Relief. Again.
According to the eligibility rules of the CARES Act and the newly proposed “HEALS Act,” individuals are required to have a valid Social Security number in order to be eligible for an Economic Impact Payment.
From AT&T To Xerox: 85+ Corporate Innovation Labs
Innovation is critical for established companies to stay relevant in the face of disruption. Here’s our list of corporate innovation labs. Read the Article on CBInsights >>
Leveraging Fintech for Financial Health
Lessons from the Financial Health Network’s Chicago Nonprofit Fintech Distribution Pilot Program In 2019, Financial Health Network led a pilot program, funded by the JP Morgan Chase Foundation, with Chicago-based nonprofit organizations to explore the role of fintech as part of existing financial coaching services for clients, particularly clients with low incomes. The pilot […]
Fintechs Team Up With Banks to Help Students Mired in Debt
Student loan debt isn’t just a financial problem for consumers. It’s an emotional problem, too. Read the Article >>
Hey, Personal Finance Apps: How About Serving Older People?
What online and mobile money tools do wrong and how to fix it Read the Article >>
Preparing for a New Era of Financial Wellness
The year 2020 has felt like a lot of things for many of us, ‘the worst year ever’ among one of them, according to The Guardian. And if this year were to play a character from a Hollywood film, I’d cast her as Catwoman in 1992’s Batman Returns. To refresh your cinematic memory, Michelle Pfeiffer […]
The Case for Stimulus: New Pulse Data Show Stimulus Payments Provided Valuable Lifeline to Unemployed Workers
By Thea Garon, Senior Director, Necati Celik, Associate and Andrew Dunn, Manager, Financial Health Network Since mid-March, the United States has lost more than 21 million jobs amid the COVID-19 pandemic. In order to help people get by, the Treasury Department began distributing recovery rebates, or “stimulus payments,” on April 11 as part of the…
How fintech mentorships have adapted during the pandemic
Hashing out ideas on a whiteboard. Networking with fellow entrepreneurs over drinks. Poring over plans with mentors. Pitching a roomful of investors. Read the Article on American Banker >>
Financial Solutions Lab snags additional $10 million for fintechs tackling Covid crisis
The Financial Solutions Lab, an initiative launched and managed by the Financial Health Network and JPMorgan Chase, has received an additional $10 million commitment by Prudential Financial, expanding the coffers to $60M over a 10-year period. Read the Article on Finextra >>