Buy Now, Pay Later: Implications for Financial Health
In this brief, we leverage findings from a nationally representative survey to better understand the buy now, pay later (BNPL) market, the users who are driving it, and the implications for their financial health.
The Financial Health Network Announces Child Tax Credit Research
Challenges continue to impede the distribution of Child Tax Credit payments, especially for those who could benefit from them the most. The Financial Health Network will undertake research, supported by VISA, to determine how long CTC recipients might have waited to receive their payment, how much they might have spent in fees to access their payment, and how they ultimately used their payment.
Consumers Use Stimulus to Pay Utilities, Catch Up on Credit Card Debt: A Conversation with doxo
Thea Garon, Senior Director of the Financial Health Pulse, interviews Liz Powell, Head of Marketing Communications & Insights at doxo, on how stimulus payments and tax refunds influence consumer activity.
Earned Wage Access and Direct-to-Consumer Advance Usage Trends
One in five families has less than two weeks of liquid savings. For the many U.S. workers living paycheck to paycheck, financial distress can occur in the time between earning and accessing wages.
2020 U.S. Household Bill Pay Market Size & Category Breakout
Provided by doxo, this research reveals that Americans spend $2.75 trillion annually – over one fifth (21%) of all U.S. consumer spending – across 11 primary bill payment categories.
$600 Stimulus Check Impact Report
Provided by doxo, this research examines consumers' reactions toward the $600 stimulus checks they received from the U.S. federal government in 2020.
Credit Union Technology Watch: 5G Networks
Emerging 5G technology is expected to become commonplace. Uncover opportunities to leverage 5G to benefit your organization and your members.
The Hidden Costs of Bill Pay Report
Provided by doxo, this research exposes the $577 in hidden costs the average American household pays per year, as well as Americans' top concerns about managing and paying their bills.
Webinar: Solving the Cash Crunch: Helping Small Businesses Access Check Funds Faster
Watch a presentation and discussion about the challenges that checks place on small business cash flow as small organizations wait for personal and business checks to clear.
Solving the Cash Crunch
The Financial Health Network uncovers three ways providers can help small businesses access check funds and manage cash flow successfully.
Technology is Making Parking Tickets Obsolete. Are Overdrafts Next?
Frequent debit card use makes it difficult to keep a diligent check register that accounts for pending payments. Behaviorally informed personal finance apps and smart checking account features have already begun to remove some of the uncertainties posed by recurring cash management challenges, just as smart meters have taken much of the gambling out of parking.
The Elephant in the Room
When it comes to “small dollar credit,” overdraft is the elephant in the room. The inexplicability of overdrafting — of why a small group of people seems willing to pay so much for transactions that could be easily avoided — has been the subject of policy debates within our industry for some time.