2018 Financial Health Leaders Spotlight: FinFit
Listen in as we hear FinFit share how they think about the business case for financial health for employers and the impact they are seeing from the new FinFit IQ trivia game.
The Vanishing American Dream: The Long Road to Financial Stability
In this article from Next Billion, Jennifer Tescher and Tilman Ehrbeck tell us, “The financial fragility of American households is better understood now than it has ever been, and the picture is downright scary. It’s not enough to understand it, we have to act.” Read the full article to learn about the financial challenges facing […]
Even raises $40M to transform the working class to the savings class
Danny Crichton of TechCrunch writes, “The working class of the United States doesn’t get many breaks these days. It’s not just a function of low pay and long hours, but also the incredible uncertainty of income and expenses that makes surviving week-to-week so challenging.” FinLab alumni, Even, is working to improve the financial health of […]
U.S. Financial Health Pulse Press Release
The Financial Health Network Launches Groundbreaking Survey, U.S. Financial Health Pulse In partnership with the Center for Financial Services Innovation, Omidyar Network, MetLife Foundation, and AARP are investing in an annual benchmarking survey and financial data analysis that will provide recurring insights into the changing nature of Americans’ financial health. The U.S. Financial Health Pulse is a […]
Why big banks are helping financial tech startups
Digiday details the launch of the 3rd challenge from the Financial Solutions Lab, an 8-month startup accelerator program funded by JPMorgan Chase and run by the Center for Financial Services Innovation, and why big banks are helping financial tech startups. Read the full article here >>>
The Chatbots Are Coming!
By Tyler Griffin, Financial Health Network This post is a follow-on to our recently released FinLab Snapshot, a report in which we identified industry insights, trends and analyses based on FinLab’s 356 applicants in 2016. In this post, we’ll share more about something we called out as one of the “trends on the horizon” we…
That Moment You Measure What Matters
How to Value the True Cost of a Loan How should we measure the true value of a loan on consumers’ lives? Lower blood pressure, for the anxiety and stress saved? The dollar amount of an additional payday, because someone could afford to repair the car and get to work? The quality of life achieved…
Re-Defining an Awards Strategy: Opportunity Finance Network
By Financial Health Network Consulting Putting Low-Income Consumers First With the Help of Financial Health Network’s Knowledge More than 68 million low-income Americans don’t get the financial services they need. It’s this market gap that prompted the Opportunity Finance Network (OFN), a network of community development financial institutions to turn to the Center for Financial…
Dispatch from D.C. — September 2016 Executive Summary
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 […]
“VITA Credit Builder” by Mission Economic Development Agency
In 2010, Mission Economic Development Agency (MEDA) launched its Volunteer Income Tax Assistance (VITA) Credit Builder program with the primary goal to establish or improve credit for low-income Latino immigrants and help them responsibly manage credit over the long term.
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 […]