Financial Inclusion

The financial inclusion work of the Hope Policy Institute focuses on the implementation of strategies that increase the integration of unbanked and underbanked consumers into the financial mainstream, with the ultimate goal of building assets among the region’s low-wealth residents. The Hope Policy Institute also advocates strongly for responsible lending practices and for the protection of consumers who are the targets of high-cost financial service providers.

Over the years, HOPE has managed a number of asset development programs including the Borrow and Save payday loan alternative and children’s savings accounts. On consumer protection issues, the Hope Policy Institute team works closely with the loan officers of Hope Credit Union to identify how members have been affected by high-cost lending and to craft policy solutions to reduce its harmful effects.

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