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Innovation

Session  
EMERGE

Keynote Address: Financial Health Vital Signs

Hear about the Office of the Comptroller of the Currency’s work to support consumer financial health. Acting Comptroller Michael J. Hsu will discuss the OCC’s Financial Health: Vital Signs initiative, and why banks should pay attention to the financial health of their customers.

Session  
EMERGE

Rewiring Our System for Financial Health

EMERGE Financial Health is the beginning of a new era in financial health. Join us for a provocative closing discussion about the actionable ways leaders can work across sectors to rewire our system to help everyone thrive financially.

Webinar  
EMERGE

Navigating the True Costs of Auto Insurance for Low-income Americans

Financial Solutions Lab alums Propel and Sigo Seguros discussed providing affordable and accessible auto insurance to the Spanish-speaking market. Between higher purchase prices and the fluctuating cost of gas, auto ownership and maintenance is stretching the budgets of many households across the country. And that's before you consider the fact that a disproportionate number of drivers from immigrant and low-income communities are rated as "high risk" policyholders and pay above average insurance costs.

Webinar  
EMERGE

Pursuing Racial Economic Equity Through Purposeful Engagement

How can innovative investments and partnerships drive real economic change for communities in need? Fifth Third Bank recently announced the Accelerating Racial Equality, Equity, and Inclusion initiative, a $2.8 billion commitment to uplift historically marginalized people and communities. Today, in collaboration with Enterprise Community Partners, the bank is investing $180 million of that commitment in nine communities across its geographic footprint through the Neighborhood Investment Program. Hear from a panel of the project’s leaders about strategies to purposefully engage neighborhoods and local businesses, and find out what’s next for this initiative.

Webinar  
EMERGE

Inclusion and Advocacy: Closing the Wealth Gap

Join us as representatives of Fifth Third Bank and the National Urban League discuss their efforts to remove barriers to equity, and how Fifth Third is working to close the income gap through innovative financial empowerment tools to improve financial health for all.

Insurtech for Financial Health

Explore three major insurtech advances that could help more Americans weather financial shocks successfully, as well as potential pitfalls for insurers working to align business incentives with customer needs.

The Financial Health Network Comment Letter on Proposed Amendments to Rules Concerning Prepaid Accounts

The Financial Health Network submitted this letter in response to the request for comment on the proposed Amendments to Rules Concerning Prepaid Accounts, issued by the Consumer Financial Protection Bureau (CFPB, the Bureau) and published on June 29, 2017. Like the CFPB, we recognize the important role that prepaid products and services can play in the financial health of U.S. consumers and we are committed to promoting high-quality financial products. We believe that financial services can be a force for good in people’s lives and that meeting consumers’ needs responsibly is ultimately good for both the consumer and the provider.

Secured Credit Cards: People of Color

A long history of discrimination and wealth-stripping has caused African Americans, Hispanics, and other people of color to have lower credit scores, less wealth, and less trust in the U.S. financial system than whites.

The Financial Health Network Comment Letter on Information Regarding Consumer Credit Card Market

The Financial Health Network submitted this letter in response to the CFPB’s request for information on consumer credit card markets on March 10, 2017. Like the CFPB, the Financial Health Network recognizes the important role that access to high-quality financial products plays in helping consumers improve and maintain their financial health. We believe that finance can be a force for good in people’s lives and that meeting consumers’ needs responsibly is ultimately good for both the consumer and the provider.

Employee Financial Health

This paper addresses how employers can develop robust employee financial health strategies. By supporting the financial well-being of their workers, employers have the ability to promote staff engagement, improve productivity, and strengthen their brand reputation.

The Financial Health Network Comment Letter to the CFPB’s Request for Information Regarding Use of Alternative Data and Modeling Techniques in the Credit Process

The Financial Health Network submitted its response to the CFPB’s request for information regarding use of alternative data and modeling techniques in the credit process on February 16, 2017. In the letter, the Financial Health Network acknowledges that the use of alternative data in the credit process poses both risks and benefits to consumers. The letter also states the Financial Health Network’s belief that consumers will be better able to achieve financial health if they have access to innovative credit products that are safe, affordable, and of high quality, enabling them to manage their day-to-day finances, weather financial shocks, and pursue longterm opportunities.