Registration for this webinar is closed.
|Date:||Thursday, Oct. 12, 2017
|Time:||2-3 p.m. CT | 3-4 p.m. ET|
According to the Aspen Institute, more than 50 million Americans live in or near financial crisis, and a growing number lack savings cushions to weather emergencies. Far too many of these households lack access to basic, affordable financial services, and they spend too much of their limited earnings on fees and interest. According to the Center for Financial Services Innovation, those expenditures amount to more than $145 billion annually.
This marketplace is encompassed largely by nonbank financial services, including check cashers, payday lenders and subprime loans, but it also includes mainstream banking fees (e.g., overdrafts). These fees and their negative impact are compounded by the growing number of households with volatile or unpredictable income.
Organizations across the country are developing solutions to address volatility and financial inclusion and to support households in managing cash flow and building savings, increasing credit and confidence along the way.
During this free Connecting Communities® webinar, participants will hear from leading experts as they engage in dialogue about research, current initiatives and best practices to help address the challenges that low-income households face in the financial marketplace. Presenters include:
For more information, please email firstname.lastname@example.org.
The Connecting Communities webinar series is a Federal Reserve System initiative providing a national audience with timely information on emerging and important community and economic development topics. All sessions are recorded and archived on the Connecting Communities website.