Checks going away soon for Social Security, most federal payments
Consumer advocates say the phase-out could create headaches for seniors and other beneficiaries who don't move to direct deposit or other options by Sept. 30.
The U.S. Payments Modernization that Wasn’t
An EO From the Trump administration mandates the government to modernize payments–but may not move the needle much.
FinHealth Standards for Spending Management Products: Checking Accounts and Credit Cards
Discover the first evidence-based standards for designing checking accounts and credit cards that support customer financial health.
FinHealth Spend Report 2024 Finds Spending on Interest and Fees Climbed 17% to Reach All-Time High of $415 Billion
New data from Financial Health Network shows credit balances, spending on interest and fees, and unmanageable debt all increased for Americans, with the financially vulnerable and people of color paying an outsized portion.
FinHealth Spend Report 2024
Amidst a year of high interest rates and decelerating inflation, spending on financial services tops $400 billion for the first time.
Earned wage access and advances on pay are very different products
The risk of harm to users' financial health is much greater with direct-to-consumer advances than it is from earned wage access programs, write Jennifer Tescher and David Silberman.
Exploring Earned Wage Access as a Liquidity Solution
Earned wage access holds promise as a way to help workers solve short-term liquidity needs, but how are real users actually relying on this product?
Can Government-to-Person Payment Partnerships Increase Financial Inclusion?
Industry partnerships to deliver government payments may help bring more people into the banking system – but we need to learn more about them first.
2023 FinHealth Spend Report Finds Fees and Interest on Non-Mortgage Financial Services Skyrocket 14% to $347 Billion
New research from Financial Health Network documents the real cost to Americans of rising interest rates and expanding post-pandemic credit balances