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
October 4th, 2018
Credit is an important asset and helps determine a consumer’s […]
August 17th, 2018
This blog explores the barriers, like student loan debt, that […]
February 28th, 2018
The first time that Fannie Lou Hamer attempted to register […]
February 23rd, 2018
People who live in long-term poverty experience a range of […]
January 8th, 2018
According to a 2017 WalletHub article, the Deep South states […]