Filene Fill-in Episode #6
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Ep. 6: Working with CUs to Close the Financial Services Gap
Incubator Director Adam Lee teaches us about the research that's forging a path forward through the power of CUs to financially empower all people.
- Adam Lee and Filene's Incubator: Holly introduces Adam Lee, Filene's Incubator Director, who highlights the incubator's role in testing ideas and programs to meet unmet consumer needs in the financial services sector.
- Proposed Payday Loan Rules: Adam discusses the viewpoints around the proposed payday loan rules from different stakeholders, highlighting the contrasting opinions on the potential impacts and the need for short-term credit products.
- Credit Unions’ Role: They delve into what credit unions can do amidst the ongoing debate, emphasizing the need for collaboration among stakeholders and encouraging actions that willpositively impact consumers.
- Focus on Supporting Financially Fragile Populations: Adam emphasizes the importance of credit unions taking action now, showcasing Filene's incubator programs as opportunities for institutions to try innovative solutions that benefit financially vulnerable populations.
- Economic Inequality and Racial Tensions: The conversation widens to include discussions on economic disparities and their tie to racial conflicts, highlighting the stress caused by financial problems and how that stress impacts communities.
