Jun 04 2014
/ Wednesday, June 4, 2014

LIFT Program Insights | Center for Financial Services Innovation

Cynthia Campbell shares insights from Filene's LIFT (Lower Interest For Timeliness) pilot program.

Originally developed by a group of Filene i3'ers, LIFT is a simple loan feature that reduces loan interest rates when members make on-time payments. Thanks to a generous grant from the Center for Financial Services Innovation, Filene built and tested LIFT with five credit unions and 1,000+ low-to-moderate-income consumers with subprime credit scores.


Los Angeles, California