Financial wellness

The data aggregator has purchased Abe AI and plans to use the artificial intelligence firm's technology in a host of applications.

The director of the Consumer Financial Protection Bureau has asked Congress to clarify its ability to conduct exams that ensure compliance with the Military Lending Act.

The Financial Solutions Lab, a joint initiative, has announced the winners of its annual competition to identify solutions to consumer financial challenges, this year focusing on startups dedicated to improving financial health in the workplace.

From canned food drives to sponsoring a 5k race, here is a look at how credit unions are making a difference.

Three credit unions will receive $18,000 each and work with the Center for Financial Services Innovation to track the strength of certain products and services.

Its data-driven financial management services for workers who live paycheck to paycheck — and a contract with Walmart — have attracted executives from Facebook, Slack and elsewhere as well as a major investment from the head of Box.

A pair of studies released Thursday show consumers once again added to their debt burden during the holiday season even as they admit to needing more financial education.

Rushing to copy the Amazon experience, banks and fintechs are focused on simplifying financial services online. A Georgia Tech researcher says that approach is risky.

Several challenger banks are trying to relieve consumers’ financial stress by offering tools that guide better habits.

They are good at helping track savings, spending and debt, but they do not always provide consumers with a complete picture of their financial health.

After the Cincinnati bank started a personal assistant service for new mothers, it learned new parents needed help with budgeting, and that motivated it to team up with a Goldman Sachs firm to establish a financial wellness program for all its employees.

The bank’s joint initiative with CFSI awards capital to firms trying to address issues that the startup teams personally experienced.

The consumer lender Oportun is rolling out a product designed to combat overdraft fees.

One problem is that banks are shifting to online and mobile channels for delivering advice, which is inferior to in-person communications, according to a recent survey conducted by J.D. Power.

It’s not just hourly workers who struggle to make ends meet — many managers also often find themselves short on cash each month. To help employees cope, the retail chain is using a tool developed by the fintech Even to give them access to their wages before the next pay period.

SunTrust and First Republic are taking benefits they offer to their workers, such as financial wellness training and student debt repayment, and extending them to corporate clients as benefits they can offer to their own employees. In doing so, they are strengthening relationships with valuable commercial customers.

Saving money is one of the most common — and most difficult — New Year's resolutions, but credit unions across the country are rolling out an array of options in early 2018 to help make that process easier.

Awards for social responsibility, philosophy-in-action and financial education were given to several credit unions of different asset sizes.

There are sobering conclusions to be drawn from a new report by the National Credit Union Foundation, funded by CUNA Mutual Group.

The aid helps credit unions create community reinvestment and financial education initiatives.