The Financial Health Network is submitting this letter in response to the request for comment by the Federal Deposit Insurance Corporation, published on September 10, 2014.

Millions of Americans do not have access to small-dollar credit or only have access to high-cost, low quality small-dollar credit products that too often lead them into a cycle of repeat usage and mounting debt.

Over the past decade, millions of American households have turned to prepaid cards to spend, save, and manage their money.

As developing technology and new regulations continue to spark competition and transform the marketplace, deep consumer knowledge remains the key to success for businesses across the sector.

This report examines the significant volume of recent investment activity in the FinTech market for financially underserved consumers. This consumer finance segment is a dynamic and growing space.

For eight years, the Financial Health Network has championed innovative strategies for meeting the needs of underbanked consumers

Based in San Francisco, Mission Asset Fund (MAF) is a nonprofit organization dedicated to helping low-income, financially excluded consumers enter the mainstream financial system.

Since 1955, H&R Block has been known as the go-to company for income tax advice and tax return preparation.

There is no one-size-fits-all credit product. Credit products are important tools for consumers’ financial management, but they need to be matched with the needs of the consumer.

The emerging industry of technology startups providing financial services, known as FinTech, has typically targeted a relatively affluent customer base.

Driven to help households better manage their finances and attain financial stability, a number of nonprofits, financial services providers, and government agencies have turned to the concept of financial capability in the search for effective solutions.

Armed with a Financial Capability Innovation Fund grant from the Financial Health Network, Piggymojo is transforming the way people think about savings.