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.

Learn how to design credit products that address consumer challenges and improve financial health outcomes by applying proven behavioral science techniques.

Interviews with home care workers reveal how even well-intentioned raises can lead to benefits cliffs that cause workers to lose out on public benefits – putting them in a worse financial position overall.

Small businesses want to invest in their employees’ financial health, but affordable benefits are often out of reach. How can the marketplace close the benefits gap?

A five-year analysis of Financial Health Pulse® research shows two critical ways that Americans struggle with financial health.

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.

In the 2021 legislative session, the Colorado General Assembly appropriated funds to the Colorado Department of Law, Consumer Protection Section, Consumer Credit Unit for use “to contract with a vendor to study, collect, and report data to the general assembly related to the availability of safe and affordable credit, such as the use, total costs, and overall consumer impacts of non-depository lending products available under existing Colorado laws.” The Department of Law selected the Financial Health Network (FHN) to conduct the requested study. This report sets forth FHN findings from the study it has conducted.

In our first report to focus on the Financial Health Network’s home city, we explore the realities of the financial lives of people in Chicago and neighboring Cook County suburbs.

Drawing on insights from recent pilot projects, this brief discusses ways in which stakeholders across sectors can empower people coming out of prison to access identification and financial services.

Employees across industries are managing a wide range of financial health needs, and they are increasingly looking to their employer for support. As employers consider which financial guidance benefits to offer, they must consider a range of factors – including the makeup of their workforce, how the guidance is delivered, and cost structures – in order to identify the most high-impact solutions for their employees.

As gasoline prices reach all-time peaks, how are Americans adjusting their buying patterns to cope? Analysis of Financial Health Pulse® survey and transactional data suggests that increasing gas costs and consumers’ financial health status may affect how often they refuel and how much they spend per trip to the pump.

How might a platform resource catalyze private financial sector action on worldwide financial health?