The $455B Reality of Financial Health – Fintech Takes
Welcome back to the Fintech Takes podcast. I’m Alex Johnson, joined by Jennifer Tescher, founder and CEO of the Financial Health Network.
Americans Spent $455B on Financial Services Fees in 2024; ‘Deep Inequities Strain Households,’ Report Finds
As outlined below, the study breaks out financial services spending by credit cards, checking accounts/overdrafts, student loans, BNPL.
Welcoming Michael Hsu to the Financial Health Network Board of Directors
His experience — bridging regulation, innovation, and consumer well-being — will deepen our ability to connect industry practice with public purpose.
2025 FinHealth Spend Report Shows the Price of Participation in America’s Financial System Hit $455 Billion in 2024, with Financially Vulnerable Bearing the Heaviest Burden
Fees and interest surged by nearly $100B over two years as student loans resumed and credit card debt grew, costing Financially Vulnerable households 17 times more of their income than Financially Healthy households.
GreenPath: Rethinking Retirement Plan Design To Help Employees Save
Discover how GreenPath applied behavioral design to revamp its retirement plan, dramatically improving employee participation and savings.
Jack Henry Launches MyFinancial Health To Help Its Customers Thrive
How can consumers have more control over their entire financial lives? Jack Henry’s new MyFinancialHealth suite of tools makes that vision a reality for consumers of over 1,000 banks and credit unions.
How banks can better meet the needs of multigenerational households
Research shows that healthy and not-so-healthy patterns of financial interdependence often repeat.
The Classic Checking Account Doesn’t Meet the Needs of Today’s Consumers. Here’s How to Fix It
How well does your institution’s checking account meet the needs of the majority of modern consumers? If your offerings resemble the cross-section of checking accounts recently studied in depth by the Financial Health Network, likely not well at all.
New FinHealth Standards Industry Assessment Series by Financial Health Network Finds Severe Gaps in America’s Checking Accounts
The Financial Health Network today released its first in an ongoing series of Industry Assessment Reports, this evaluation applying the FinHealth Standards for Spending Management Products to 20 widely used checking account products.
Short-Term Gains, But Little Lasting Progress on Financial Health, New Report Finds
A new report from the Financial Health Network has found the share of households who are “financially healthy” has not meaningfully increased since 2022.
New FinHealth Standards Industry Assessment Series by Financial Health Network Finds Severe Gaps in America’s Checking Accounts
First-of-its-kind analysis of leading financial institutions finds that only 20% of assessed checking accounts meet even half the FinHealth Standards, with many other critical tools largely missing.
Open Banking Fees Threaten Financial Health
Allowing bi-lateral agreements between self-interested companies to serve as a proxy for thoughtful federal policy is no way to build an ecosystem that is so important to the financial health of consumers.