A growing number of digital tools exist today to enable and support financial coaching and counseling. We evaluate a selection of these tools to see how they are changing nonprofit organizations’ capacity to provide these critical services. Financial coaching and … Continued
Topic: Savings & Asset-Building
This is the fourth in a series of blog posts related to our work around housing and opportunity. To learn more about this project, check out the first blog post, the second blog post, the third blog post, the full report, the Executive … Continued
This Executive Summary provides an overview of the findings and recommendations in the full report called Housing & Financial Capabilities: Integrating and Enhancing Services for Residents. The UNC Center for Community Capital (CCC) partnered with JPMorgan Chase & Co. (JPMC) to … Continued
This report identifies effective practices, locates shared challenges, and isolates key considerations for organizations seeking to engage in the work of integrating financial capability services into their existing housing work. Many housing providers are expanding beyond their traditional roles in … Continued
This is the second entry in a series of blog posts created in collaboration with Prosperity Now’s Affordable Housing team about the role of financial capability services in affordable housing to help more low- and moderate-income households—with an emphasis on … 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 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
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.