Study: Financial Literacy Dips Even as Americans’ Finances Recover

Consistent with overall economic improvement, measures of Americans’ financial stress and fragility continue to improve -- even as financial literacy trends slightly downward -- according to the 2016 Financial Capability in the United States study released today by the FINRA Investor Education Foundation and the Global Financial Literacy Excellence Center.

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What’s Next to Leave the Branch?

With fewer and fewer customers coming into the branch to deposit a check or to check their balance or to see their recent transactions, what will be next to leave the branch?

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Banker Testifies on Use of Prize-Linked Savings to Promote Thrift

Prize-linked savings accounts can provide meaningful incentives for consumers to increase their savings, according to Brian Plum, president and CEO of Blue Ridge Bank in Luray, Va. An ABA member, Plum testified today before a Senate Aging Committee hearing on innovations to promote financial security.

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