Are Financial Wellness Products Merely Window Dressing for Banks?
Financially healthy customers are good banking customers — and banks offer financial health products strategically to attract and retain them. But for those products to be useful, customers must use them. Do they?
Inclusive Finance for Development: 15 Years of Impact (Side Event at the 79th Session of the United Nations General Assembly)
15 year anniversary event celebrating the work of Queen Máxima of the Netherlands, the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development (UNSGSA).
What Works: Advancing global financial health through tech
JPMorganChase offers insights from a decade of fintech innovations advancing financial health in the U.S. and India.
Financial Strain and Health
In the United States, financial stress significantly impacts overall well-being. A staggering 40% of Americans report experiencing high stress related to money, while 76% of American households live paycheck to paycheck.
Bharani Rajakumar & Chris Gardner | The Role of Good Jobs in the American Dream
While the American dream is still alive, it’s no longer accessible to everyone. It has become harder to raise a family, earn a livable wage, and create generational wealth. What can we do to help more Americans believe in this dream again and improve their financial lives? Good jobs, and more of them, may be the solution. In this episode of our special EMERGE Everywhere Workplace mini-series, Transfr Inc. Founder and CEO Bharani Rajakumar and bestselling author of “The Pursuit of Happyness” Chris Gardner discuss why the American dream feels out of reach for many, how good jobs can turn around this outlook, and what organizations can do to help Americans obtain a good job.
Lessons From FinX: The Challenges of Financially Vulnerable Consumers
The lessons learned and insights gained from FinX, a unique workshop that illuminates the challenges faced by financially vulnerable consumers.
What to Know About Online Paycheck Advances and Why They Face Scrutiny
The Consumer Financial Protection Bureau has proposed a rule that would treat the offerings as loans, requiring the providers to disclose their charges as interest rates.
Evan Starr | The Noncompete Effect, From CEOs to Sandwich Makers
As the Federal Trade Commission (FTC)’s recent rule effectively banning noncompete agreements sends shock waves across the business world, this often misunderstood employment tool is in the spotlight. Typically considered the sole province of executives, nearly 1 in 5 workers are subject to a noncompete – including some fast food workers. So are these agreements essential to protect a company's proprietary assets, or are they a blunt tool whose utility has been overextended to create anti-competitive practices? If the noncompete ban stands, what might this mean for workers, their financial health, and our broader economy? In the opening episode of our special EMERGE Everywhere Workplace mini-series, host Matt Bahl, head of workplace financial health, dives into the details of noncompetes with University of Maryland Associate Professor Evan Starr, whose research directly informed the FTC’s rulemaking. Note for Listeners: Since we recorded this episode, multiple conflicting lower court rulings have risen which all but guarantees noncompetes will be taken to the Supreme Court. Regardless, this episode focuses on the past, present, and potential future of noncompetes and their financial health impacts.
Rewiring FinHealth: 3 Takeaways From EMERGE 2024
Our 20th anniversary celebration brought together hundreds of leaders to reflect on our successes and chart a bold course for the future.
Can Banks Reverse a Complicated History with Women?
While women play a serious role in the economic landscape — whether via their control of household finances or in their consumer spending habits — they don’t have as much trust in banking institutions as men do.
At risk of becoming irrelevant
Financial Health Network recently hosted its EMERGE conference which brings together leaders from the entire ecosystem including financial institutions, employers, government agencies, nonprofits, and fintechs.
Banks should embrace new tools for measuring consumer financial health
The OCC's new Vital Signs initiative gives bankers an important tool to help them assess the financial health and stability of their customers, and to help them build a strong foundation for the future, writes Jennifer Tescher, of the Financial Health Network.