Press Release: The Financial Health Network Study Finds $23.4 Billion in Overdraft Fees for Underserved Consumers in 2014
Chicago, IL – December 8, 2015 – Today, the Financial Health Network and Core Innovation Capital (Core) released their fifth annual Underserved Market Size Study. The report, which benefitted from the financial support and strategic input of Morgan Stanley and with additional financial support from the Financial Health Network’S Founding Partner the Ford Foundation, reveals […]
New Book with Chapter from Jennifer Tescher and Rachel Schneider Released
The Financial Health Network’s own Jennifer Tescher and Rachel Schneider have contributed a chapter to the newly released book, What It’s Worth: Strengthening the Financial Futures of Families, Communities and the Nations. Americans everywhere struggle to build strong financial futures for themselves and their families. The book provides a 360-degree view of the financial challenges […]
Wall Street Journal: Baby Boomers underestimate their retirement needs
When it comes to saving for retirement, there’s a huge gap between what Americans say they want and what they’re doing to make it happen. This article looks at savings habits and consumer resliance, with research from the U.S. Financial Diaries, a project of the New York University Financial Access Initiative and CFSI. Read the […]
Financial Solutions Lab Q+A with Puddle
Financial Solutions Lab sat down with Jean Claude Rodriguez-Ferrera, Co-Founder of Puddle, one of Financial Solutions Lab’s 9 winners, to talk about FinTech and Finhealth. What made you start your company? There’s nothing more powerful than a community that trusts you. I discovered this some years ago by working with different communities who shared money […]
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 […]
Not Just Child’s Play: Why the financial services industry can — and should — support children’s well-being
By Josh Sledge, Director, Financial Health Network This blog originally appeared on Nextbillion.net on November 11, 2015. When we traditionally think of the industries that can help promote successful outcomes for children, the financial services industry doesn’t generally make the list. However, financial service providers can actually play an important and constructive role in children’s…
Four Ways to Make a Better Digital Experience for Consumers
While digital platforms make it easier to reach a larger number of consumers, it doesn’t always mean those consumers will choose your product or even continue to use it once they do. Gavin Michael, Head of Digital for Chase, offers the best practices that have helped his team transform the way they interact with their […]
Bankless Times: Financial health is as important as inclusion
While financial inclusion is indeed an admirable goal, achieving that will not solve the nation’s financial problems. The Financial Health Network CEO Jennifer Tescher explains why. Read her explanation in the full article here >>
American Banker: Don’t Blame Prepaid for the RushCard Glitches
Millions of Americans rely on prepaid debit cards for daily financial management. In light of the recent RushCard glitches and problems created for customers, Jennifer Tescher and John Thompson encourage readers to not blame the prepaid industry. It is an industry that has made significant strides to help consumers manage their financial lives. Instead, let’s […]
In These Times: Utility Costs, Small-Dollar Loans and Financial Health
A housing rights organization in Poughkeepsie, New York, stands with its community against a utility company’s attempt to disconnect low-income family homes. Utility bills, small-dollar loans and financial health intersect. CFSI found that utility bills were the number one reason people were forced to take out short-term loans such as payday loans. Read the full […]
CUNA News Now: Serving the financially at risk
Nearly 60%–or 138 million–Americans struggle with their finances. CUNA takes a look at the 29 million Americans that are financially at risk and what credit unions and other financial services providers can do to help. Read the profile here.
Press Release: Financial Solutions Lab Announces Winners of $3 Million Cash Flow Management Competition
Center for Financial Services Innovation and JPMorgan Chase today commit capital and technical assistance to nine innovative fintech organizations solving cash flow management challenge CHICAGO, June 11, 2015 — Today the Financial Solutions Lab (“FinLab”) announced nine financial technology innovators as the winners of its $3 million, inaugural competition aimed at identifying solutions that help […]