This report highlights innovative and unique examples of how housing and financial capability services can be integrated with each other, the range of financial capability services being provided, and how outcomes are being measured and evaluated. Financial instability limits opportunity for individuals and … Continued
It is clear that those who use payday loans need access to short-term, small-dollar credit. With growing wage and income inequality and in the absence of living-wage jobs, people are bound to continue to need short-term, small-dollar loans to smooth … Continued
The Center for Community Capital is thrilled to announce the launch of a de-identified, public-use version of the Community Advantage Panel Survey (CAPS). The panel survey comprises 11 years of panel survey data provided by approximately 5,000 low- and moderate–income homeowners … Continued
The growth of fintech and the increasing adoption of digital financial services by consumers introduces new opportunities to increase access to financial services. However, a significant expansion of financial inclusion is not an inevitable outcome. Making fintech a true catalyst … Continued
This article, written for a special “The CRA Turns 40” symposium in Cityscape uses lessons learned from the Community Advantage Program Study to provide insight into how the challenges associated with special community reinvestment lending might potentially be managed on a larger … Continued
The center’s evaluation of the CFSI’s Financial Solutions Lab, a five-year initiative managed by the Center for Financial Services Innovation (CFSI) with founding partner JPMorgan Chase & Co., offers key insights on how financial technology can influence low- and moderate-income consumer financial health.
This article tests the association between a savings account and debt in the lives of American young adults during periods of macroeconomic stability and decline and finds that a savings account may help young adults invest in their debt by entering better, healthier credit markets and avoiding riskier ones, especially during bad economic times.