Tagged: Financial Health Network

Experts Comment on New CFPB Open Banking Rules

  The Consumer Financial Protection Bureau (CFPB) released final Open Banking rules today. The new rules impact banks, brokerages and more, and go into effect over the next few years. Open Banking or Open Finance addresses the topic of data generated or provided by consumers… Read More

1 in 6 Americans Financially Vulnerable: Financial Health Network

One out of every six Americans is financially vulnerable, the highest percentage since before the pandemic. That is one finding in the Financial Health Pulse 2023 U.S. Trends Report, released this week by the Financial Health Network. Financially vulnerable consumers typically struggle to meet expenses,… Read More

Financial Health Network study details struggles of people with disabilities

A new report from the Financial Health Network details the perilous financial state of many people with disabilities. The Financial Health of People with Disabilities: Key Obstacles and Opportunities was produced by the Financial Health Network in partnership with National Disability Institute (NDI), The Harkin… Read More

Financial Health Network: Average Q4 Account Balance Drained By $1,500, 2x 2020 Rate

The Financial Health Network this week released Financial Health Pulse Points data from Q4 2021. The analysis shows sample account balances declined by an average of $1,500 over the fourth quarter, double the $750 recorded in the same quarter of 2020. Average fourth quarter account balances… Read More

Financial Health Elusive for Many: Report

The Financial Health Network today unveiled the Financial Health Pulse: 2021 U.S. Trends Report. The report, now in its fourth year, provides competing narratives of financial health in America as the pandemic “recovery” sits at an inflection point. The Nation’s Financial Health is Slowly Improving Overall… Read More

Many Americans Haven’t Recovered Yet: Financial Health Network

The Financial Health Network today released its latest Financial Health Pulse Points for the second quarter of 2021. This regular examination of consumer transactions found that despite the economy reopening post lockdowns, most household incomes remain flat, savings are stagnant, and spending declined slightly for… Read More

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