Insight

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Rise in Small Business Loans Shine Spotlight on Need for Financial Education

by FinancialCorps, 02 January 2016


With an uptick in entrepreneurism and healthy activity at local banks and credit unions for small business loans, a resurgence of lending to this segment is bringing back memories of the great problems caused by robust lending to financially illiterate corporate and individual borrowers. With banks and credit unions working with the U.S. Small Business […]

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First Republic Bank and EverFi Launch Innovative Financial Literacy Program for Kids

by FinancialCorps, 03 December 2015


First Republic Bank and education technology firm Everfi announced plans to launch an innovative program designed to improve financial literacy among elementary school students. The program will be rolled out in nearly sixty inner city elementary schools in California, Oregon, New York, Massachusetts and Florida. The initiative will be powered by EverFi’s Internet-based program, Vault-Understanding […]

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Financial Literacy & Student Debt: Key Topics in 2016 U.S. Presidential Race

by FinancialCorps, 23 November 2015


The campaign trail continues to heat up for the 2016 U.S. presidential race, and among the leading themes dominating conversations and town hall sessions are the rising costs of college, student loan burdens, and overall financial capability of Americans. With student debt drove through the one trillion dollar milestone some time ago, while students, graduates […]

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Financial Inclusion 2020 Report: Call to Action on Financial Capability

by FinancialCorps, 02 October 2015


Upon the release of the Financial Inclusion 2020 (FI2020) Progress Report by Accion and the Center for Financial Inclusion it was immediately clear how much progress has been made during the last few years in providing low-income people with access to financial services. Some 700 million new accounts were created since 2011. However, amid that […]

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JP Morgan Funds Financial Literacy at State University of New York

by FinancialCorps, 16 July 2015


The Center for Financial and Economic Education (CFEE) at the State University of New York announced that a grant from the JPMorgan Chase Foundation will create the Center’s first-ever Money Smart Forum, which is designed to empower students to make better informed financial decisions and move forward with effective management of their personal financial affairs. […]

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Western Union Launches Major Financial Education Initiative

by FinancialCorps, 17 April 2015


Global money transfer giant The Western Union Company has announced the launch of a major financial education program designed to assist migrant workers in developing financial literacy skills that will enable them to manage their personal financial affairs and be best positioned for financial success in the future. The program, dubbed “Apna Sapna,” will be […]

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Bank of America Grants $200,000 to Create Junior Achievement Financial Education Center

by FinancialCorps, 18 March 2015


Junior Achievement of North Florida is the beneficiary of a $200,000 grant from Bank of America, with the use of proceeds earmarked for the conversion of an existing community center into a financial literacy center as part of Bank of America’s Neighborhood Builders Award Program. Financial education professionals are giving high marks to the funding, […]

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Girl Scouts Drive Financial Literacy with Groundbreaking Digital Cookie Initiative

by FinancialCorps, 19 February 2015


The legendary Girl Scouts Cookie Program is among the best known annual fundraising traditions in the world of non-profits and philanthropy, but the program also is a central component of Girl Scouts’ financial literacy and business education initiatives. As such, when Girl Scouts of the USA unveiled its revolutionary Digital Cookie initiative in December, it […]

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Former HHS Secretary Says Financial Literacy of Americans is “Very Low” – TV Networks Avoid Coverage

by FinancialCorps, 10 February 2015


The decision by major television networks to avoid covering remarks attacking the intelligence of Americans is nothing new. The latest example has hit headlines in the last few weeks, sparked by comments from former Obama administration Health and Human Services Secretary Kathleen Sebelius, who said that many Americans “have no idea what insurance is about” […]

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Bill & Melinda Gates Foundation Seeks Mobile Money and Financial Education Solutions

by FinancialCorps, 03 February 2015


Just days after the closing of the broad call for applications for the Bill & Melinda Gates Foundation’s Grand Challenges Explorations initiative, which seeks innovative solutions that address the world’s most pressing problems, the focus is turning to measures that could help enable universal acceptance of mobile money payments and financial education as critical means […]