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.

Related Blog Articles

Consumer Protection Rollbacks Will Worsen Conditions for Cash Strapped Households

February 18th, 2020

Having a savings account is one of the best ways […]

FDIC and OCC Rent-A-Bank Proposals Put Deep South Families at Risk of Predatory Lending

January 16th, 2020

Two federal banking regulators are considering proposals that will encourage […]

HOPE Submits Comments on USCIS Proposed Fee Increase

January 3rd, 2020

December 30, 2019 Ms. Samantha Deshommes, Chief Regulatory Coordination Division […]

Louisiana, Mississippi Least Banked States in the Nation

November 27th, 2018

The Federal Deposit Insurance Corporation (FDIC) last month released its […]

Deep South States among the Least Credit Worthy in the Nation

October 4th, 2018

Credit is an important asset and helps determine a consumer’s […]