Financial Health news and trends

Banks Call For Greater BNPL Reporting Transparency
Buy Now Pay Later // May 07, 2024

In recent years, buy now, pay later (BNPL) platforms have gained popularity among consumers, offering a convenient way to finance purchases through installments. However, the lack of transparency surrounding these loans has raised concerns about the potential risks they pose to consumers and the wider economy,...

OCC Asks FIs to Offer Customers ‘High-Quality Financial Literacy Education’
Consumer Finance // April 03, 2024

This week, the Office of the Comptroller of the Currency (OCC) asked U.S. financial institutions (FIs) for their help in “improving the financial capability and financial health of their customers.” In a statement issued on Tuesday (April 2), the OCC said it believes the best way FIs...

Nav, Gusto Team on Small Businesses Financing
Partnerships // February 27, 2024

Nav and Gusto are partnering to help small businesses overcome cash flow obstacles.  The partnership aims to help small to medium-sized businesses (SMBs) find available funding, improving the stability of their cash flow, and better managing their expenses, according to a Tuesday (Feb. 27) news release from Nav. Nav,...

Nav Launches Service for Small Businesses Rejected for Financing
SMBs // January 17, 2024

Nav has launched a “next best option” service for small businesses that have been rejected for a credit card or loan. A new addition to Nav’s financial health platform for small businesses, this service aims to provide transparency and guidance for these small businesses that are...

Interviews & Exclusives
Synchrony GM Explores Synergy Between Consumers’ Financial and Physical Wellness

June 18, 2024
Health is wealth — but all too often, wealth can have an outsize impact on health. Financial stability directly influences an individual’s ability to access healthcare, particularly preventative services. And in an increasingly interconnected world, the relationship between financial health and physical health has become more apparent and significant. As Synchrony General Manager of Wellness […]

Late Payments Push More Businesses Toward AP Automation

June 26, 2023
Business-to-business (B2B) payments are the lifeblood of the modern economy, with businesses spending trillions of dollars on merchandise, services and other goods from their vendors and creditors. Experts estimate that...

Real-Time Payments Offer Small Businesses Stability Amid Cash Flow Struggles

June 21, 2023
Running a small to midsized business (SMB) in the modern economy can be challenging even under perfect economic conditions. Marketing, staffing, inventory management and other variables fully within owners’ control...

60% of Consumers Think Retirement is Out of Reach

March 30, 2023
Advice on planning for the financial future may be of use to more than just younger generations. As some baby boomers and others getting ready to leave the workplace are...

Quick Reads
Banks Call For Greater BNPL Reporting Transparency

May 07, 2024
In recent years, buy now, pay later (BNPL) platforms have gained popularity among consumers, offering a convenient way to finance purchases through installments. However, the lack of transparency surrounding these loans has raised concerns about the potential risks they pose to consumers and the wider economy, Bloomberg reported Tuesday (May 7). One of the main issues with BNPL […]

Nav, Gusto Team on Small Businesses Financing

February 27, 2024
Nav and Gusto are partnering to help small businesses overcome cash flow obstacles.  The partnership aims to help small to medium-sized businesses (SMBs) find available funding, improving the stability of their cash flow,...

Nav Launches Service for Small Businesses Rejected for Financing

January 17, 2024
Nav has launched a “next best option” service for small businesses that have been rejected for a credit card or loan. A new addition to Nav’s financial health platform for small...

EarnUp Launches Financial Wellness Automation Platform for Credit Unions

October 23, 2023
EarnUp has launched a platform designed exclusively for credit unions that aims to drive member engagement by providing  solutions that automate savings, enhance loan eligibility and improve overall financial health....