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We’re looking for innovative partners for financial education research


Many of us find it challenging to manage our money and today’s financial marketplace can be overwhelming. That’s why we’re testing innovative strategies to help overcome common financial challenges that many people may face on a regular basis.

For example, many people want to save — for emergencies, college, retirement, or other goals. But they may be overwhelmed by the range of savings products and choices available, and not start saving at all. When people have the option to make savings automatic, more of them succeed in meeting their savings goals.

We’ve been taking a close look at situations like failing to save, where consumers’ actions seem out of step with their goals. We’re investigating what might be swaying the decisions and what solutions or tools might work well. Now we’re ready to test a few ideas and see how helpful they are for consumers.

We’re seeking educational organizations, businesses, and other innovators to work with us to research approaches for helping consumers overcome common decision-making challenges around their finances. Then, we’ll evaluate how well they work and share the results with financial educators, policymakers, and the public.

If your organization is interested in working with us to test a new approach to helping consumers address some key financial challenges, check out the criteria and let us know by November 8, 2013 that you’re interested.

Through a public procurement, we’ve contracted with an independent third party to help us carry out this project. Their site has more information on the program and the criteria.

We look forward to hearing from you!

  • saraw1

    Why not linkedin? FB, Twitter, and disqus reveal personal information that is not germane to a professional endeavor – but linkedin contains much of the information you seek in your statement of qualifications. I’m mystified – suggest you reconsider.

  • Debt Suspension Rights

    In my opinion this is a digital contest of sorts. You want bright, innovative computer minds to come up with new ways to educate consumers on how to properly apportion their income pie so they don’t end up in debt or sucked into the payday loan cycle.

    However, this is only one aspect of the present day consumer debt situation.

    Reverse Mortgages that require Mortgage Insurance premiums, even when an elderly person is only going to take out a very small monthly draw against the full value of their home, can result in the M.I. being an equivalent monthly fee to what the senior wants to take out per month for their own use, this is basically outrageous, a 100% fee for taking one’s own equity out of a home.

    Credit Card Defaulters are not allowed to declare an involuntary default in court. Involuntary Default would allow the judge to be more lenient, such as freezing future interest rate charges, penalties, and fees on the assessed verdict.

    Debt collectors hire service companies that false serve, and the judges don’t seem to care because the person “probably owes the money”. This is patently outrageous as well because it makes the debt collectors more cocky and less affable negotiating with the debtor.

    Credit Card Debt Suspension Insurance is overpriced by as much as 2000%, and enables the credit card companies to declare defaults whenever an unexpected life changing occurs that is beyond a person’s control. The present day congressional budget stalemate may result in millions of americans defaulting on credit card debt, and when they are eventually sued by the credit card companies, they won’t be able to plead Involuntary Default in front of the judge and get a reasonable ruling, including not having it affect the person credit rating and credit score. This too is outrageous.

    As it stands now, Strategic credit card defaulters get better treatment than involuntary credit card defaulters by the courts. The Strategic credit card defaulter doesn’t keep fighting to pay off their debts, they give up much sooner and hire an attorney with money that the Involuntary credit card Defaulter will instead keep using to try and pay off their credit cards. Yet in court, the Involuntary Credit Card Defaulter gets treated far harsher than the Strategic Defaulter. This too is outrageous.

    Each one of the ideas I have presented above would help mitigate the siphoning of untold wealth from main street that is then transferred to wall street and the banking elite.

    While I commend this entire topic and goal, in the end, as it presently stands, it appears to be about making a better liner for the bottom of the bird cage rather than freeing the caged birds.

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