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 >>
Financial Solutions Lab Reaches $60 Million in Funding to Advance the Financial Health of Underserved Communities With New Investment from Prudential Financial
Prudential Financial joins the Financial Health Network and JPMorgan Chase to scale financial and technical support for fintechs that are developing solutions for underserved communities Four new fintech innovators selected for sixth accelerator cohort to improve worker and student financial health CHICAGO – June 22, 2020 – The Financial Solutions Lab, an initiative launched […]
Beyond Messaging: Financial Health Is No Longer a Nice-To-Have
We’ve long known from research and practice about the business case for advancing financial health. The coronavirus escalated the already precarious state of financial health of Americans everywhere and Financial Health Network Members took notice.
Policy Perspective: Supporting Consumers in a Financial Health Crisis
Author: Dan Murphy One striking feature of the Covid-19 economic crisis is just how different it is from our most recent financial crisis. While the subprime mortgage crisis began with an immediate shock to financial markets, the economic crisis brought about by this pandemic began with an immediate shock to public health that quickly impacted…