By Financial Health Network Consulting From Check Cashing to Credit-Building Nix Neighborhood Lending has come a long way since it opened fifty years ago as a check cashing business inside a Los Angeles grocery store. In 2007, after the company was bought by Kinecta Federal Credit Union, Nix began shifting its business away from simply…

By Abigail Perry, I Pick Up Pennies FinCon and Center for Financial Services Innovation partnered up for a contest to have bloggers explain what financial health means to them. Here’s my take on the subject. Most people think of financial health as a state of being. To me, it’s about a conscious journey toward stability….

How a rejection letter and a plate of red velvet cupcakes led me to understanding how #FinHealthMatters. By Betsy Mikel Thank you for your interest in Northwestern University. After careful consideration of your application, I am sorry to inform you we are unable to offer you a place in the class of 2008.* The 18-year-old me…

By Elizabeth Vivirito, Managing Director, Financial Health Network This month we’re introducing a series called “Moments of Impact.” At Financial Health Network we work hard to design our events, content, and experiences with impact at the center of our work. While we have seen notable strides from our members and in the marketplace, we recognize…

What financial providers need to know about young adults. What if we reached young people at the moment they’re primed to to absorb financial education — a moment like their first paycheck? What if we used that moment to capture people’s attention, and we allow them to open that account to help get started? MyPath, a San…

By Mel Bondar, brokeGIRLrich I am the world’s laziest runner. I kind of hate it. Sometimes it’s my legs that hate it. Sometimes it’s my lungs. Most of the time though, it’s my mind. My mind really hates running. My mind wants to be at home binge watching Pretty Little Liars and eating chocolate chip…

In case you missed it, June 29 was the first-ever #FinHealthMatters Day. You might be wondering what that’s all about, maybe even why you should care. In a nutshell, it’s this: 57% of Americans — approximately 138 million adults — are struggling financially. If that doesn’t scare you, it should. The struggling majority aren’t who you think: While it’s…

Building products that help consumers improve their financial health is hard. Finance is complex, the space is regulated, and consumers tend to be reserved about sharing their financial information, limiting viral loop options. So why would anyone try to build a product in this space instead of another food delivery app? Here are five reasons […]

By Thea Garon, Senior Manager, Financial Health Network Financial Health Network is pleased to announce the launch of the Financial Health Beta Project, an initiative designed to help providers measure and improve their customers’ financial health. From June to December 2016, participating companies will use Financial Health Network’s 8 financial health indicators to measure and…

By Rachel Schneider Senior Vice President, Financial Health Network Last week, the Consumer Financial Protection Bureau (CFPB) released its long-awaited proposed rules about payday lending. The CFPB is to be applauded for wading into the near-impossible task of trying to regulate this controversial product without causing harm to the millions of people who rely on…

By Sohrab Kohli, Senior Associate, Financial Health Network Thursday in Kansas City, Missouri, the Consumer Financial Protection Bureau (CFPB) will be issuing a proposed rule on payday loans and other small-dollar loan products. This rule will likely introduce protections that would curb consumer harm and have other broad implications for much of the small-dollar credit…