Policy

Policy

Thoughtful policy solutions are key for developing a financial ecosystem that allows everyone to thrive. The Financial Health Network conducts research and forms connections between business and regulatory leaders, illuminating areas where policy can make a meaningful impact on consumer financial health.

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The Financial Health Network Comment Letter to the CFPB Regarding the Required Rulemaking on Personal Financial Data Rights

The Financial Health Network submitted a comment on the CFPB’s Outline of Proposals and Alternatives Under Consideration for the rulemaking regarding personal financial data rights. In its comment, the Financial Health Network offers its recommendations for implementing data rights so as to maximize the benefits to consumer financial health while minimizing the risks to consumers and the expense to data providers and third parties. The comment advocates, among other things, for expanding the coverage of the rule beyond that suggested by the CFPB’s outline and defining the processes through which consumers can authorize (and deauthorize) data sharing so as to avoid frictions that would interfere with consumers’ ability to access products and services that can help them better manage their financial lives.

Seven Pain-Points in the Consumer Financial Data Ecosystem: Priorities for the CFPB’s Rulemaking Under §1033 of the Dodd-Frank Act

Consumer’s ability to access and electronically share their financial data has already demonstrated considerable financial health benefits. But our research among consumers, their financial app providers and data aggregators reveals seven “pain points” impeding data access and preventing consumers from sending their data where it can do them the greatest good. The Bureau’s pending rulemaking under Section 1033 of Dodd Frank can best serve financial health by incorporating a few basic principles that will enshrine consumers’ data access rights.

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Response: Treasury’s Request for Information on Financial Inclusion

The Financial Health Network (FHN) appreciates this opportunity to respond to the U.S. Department of the Treasury’s Request for Information on Financial Inclusion (RFI). The subject of this RFI, and the questions the Treasury has posed, go to the heart of The Financial Health Network’s mission and the journey that we have been on as an organization since our founding 20 years ago this spring.

Overdraft Trends Amid Historic Policy Shifts

Overdraft and non-sufficient funds (NSF) fees remain a reality in America’s modern banking system, but the landscape is rapidly evolving. This FinHealth Spend Product Spotlight sheds light on the state of overdraft today, the consumers who use it, and potential implications for financial institutions and policymakers.

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Connecting Policy to Practice

  • An ongoing conversation between the policymakers and providers is essential for driving responsible financial health innovation. 
  • The rapid transformation of the financial ecosystem has raised new and pressing policy issues, from defining standards for quality in the prepaid card sector to creating guidelines for responsible consumer data use.   
  • We bring a deep understanding of consumer and business needs to help policymakers understand where their efforts can have the biggest effect on financial health for all.
Learn About Policy Issues

Learn About Policy Issues

Explore our extensive library of research on timely policy issues like data rights and cash advances, or commission custom research on a policy area that’s meaningful to your organization. 

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Expand Your Network

Join our membership network to partner and collaborate with 160+ organizations from across the business, policy, and nonprofit sectors that share your commitment to advancing financial health.

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Find a Policy Expert

Find a Policy Expert

Looking to connect with a thought leader for a media interview, speaking opportunity, research or consulting request? We can help you find the right expert. 

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