Regulatory Catch Up
As regular readers of this newsletter know, I spend a lot of my time carefully reading the rules set by regulatory agencies and parsing the public statements made by regulators.
How to establish credit for adults with disabilities
The credit landscape for Americans with disabilities is uneven. Low credit scores and lacking credit health are common obstacles for disabled people.
Financial Health Network study shows circular relationship between financial, mental health
A new Financial Health Network study released last month shows a circular relationship between mental and financial health. While it is well-known that mental health challenges lead to financial issues, financial issues often produce additional mental health concerns.
Financial stress is making us mentally and physically ill. Here’s how to cope
Years ago, I received a surprise in the mail: a $500 bill for a recent X-ray. I was earning an entry-level media salary at the time (for the uninitiated, that’s equivalent to peanuts), and the shock of having to figure out how to cover an unexpected expense sent my pulse racing with anxiety and my head pounding with stress.
Why Wellness Tech Will Redefine the Race for Deposits
Financial institutions have traditionally left the responsibility for growing deposit amounts to the account holders themselves.
FinHealth24: Financial Health Network’s Brenton Peck Provides ‘A Little Cup of Happiness’
Brenton Peck, Director of Financial Services Solutions at Financial Health Network, stopped by the Studio Lounge just after his opening keynote entitled: "A Little Cup of Happiness."
Americans are saving less. That might actually be a sign of economic strength.
The personal consumption expenditures index released Friday by the Commerce Department gave us a bit of insight into the financial health of American households, specifically how much money we’re saving right now.
A 60-year-old worker in Texas says she’s dependent on apps that let her get paid early: ‘They get you hooked on having that money’
Between 2018 and 2020, transaction volume on wage-access apps tripled.
The pandemic made Earned Wage Access apps popular. Regulators want to rein in the fees
Many of these apps charge monthly subscription fees, and most charge mandatory fees for instant transfers of funds.
These apps allow workers to get paid between paychecks. Experts say there are steep costs
When Anna Branch, 37, had her hours at work reduced in 2019, she suddenly noticed ads for an app called EarnIn.
Reps. Beatty and Kim Advocate for Financial Capability to Promote Economic Freedom for Americans
Today, Financial Literacy and Wealth Creation Caucus Co-Chairs Congresswoman Joyce Beatty (OH-03) and Congresswoman Young Kim (CA-40) introduced a resolution to recognize April as Financial Literacy Month to increase public awareness of the value of financial capability and the need for sound money management practices.
Is Money Making You Sick?
The stress of doing your taxes is likely behind you, but there are plenty of other money worries keeping people up at night.