Registration Now Open for CFS Event “FinTech: Innovations for Family Financial Security”

This half day workshop hosted by The Center for Financial Security at the University of Wisconsin-Madison will explore the potential for Financial Technology to address the needs of underserved consumers. Panelists from financial technology companies, researchers and practitioners will contribute to a lively conversation followed by a key note speaker and reception. Affiliates and Fellows of the Center for Financial Security, students, local business leaders, and community stakeholders from the region are encouraged to attend.

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FINRA Foundation Awards Inaugural Ketchum Prize to Dr. J. Michael Collins

J. Michael Collins

Center for Financial Security Faculty Director, J. Michael Collins, was awarded the inaugural Ketchum Prize from the FINRA Foundation. The announcement took place at the Foundation’s Board of Directors triannual board meeting in Washington, D.C. The Foundation’s prize is named for Richard “Rick” Ketchum, who retired as Chairman and Chief Executive Officer of the Financial Industry Regulatory Authority (FINRA) and Chairman of the FINRA Foundation in 2016. Ketchum is admired for his distinguished leadership in the field of securities regulation over a career spanning three decades. Dr. Collins is being honored for his extensive work in improving family financial security through innovative and thoughtful approaches.

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Peggy Olive offers resources and guidance for consumers following credit bureau data breach

Following news of the recent Equifax data breach many consumers are fearful of how this could cause personal credit issues and possibly identify theft. Peggy Olive, Senior Financial Capability Specialist with UW-Extension and the Center for Financial Security, provides information and resources on how to monitor your credit report and take steps to remediate credit issues if they occur.

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Past Seminar Speakers and Topics

Spring 2017 Speaker Calendar:

John MullahyAnalyzing Food Insecurity, Multiple Deprivation, and Related Financial Security Outcomes (February 2, 2017)

Dee WarmathHow Am I Doing?: Financial Well-Being, Its Potential Antecedents, and its Relation to Psychological / Emotional Well-Being (February 9, 2017)

Dominik PiehlmaierFrom Preschool to Wall Street: The Development of Overconfidence (February 23, 2017)

David ElsterBarking Up the Wrong Tree: Revealing the Limitations of Financial Education through a Randomized Controlled Trial (March 2, 2017)

Eric Grodsky & Jayme PyneLooking for Debt in all the Wrong Places: The Increasing Role of Graduate Student Borrowing (March 9, 2017)

Olga KondratjevaBorrowing Sources, Purposes and Household Well-Being: Evidence from Nepal (March 30, 2017)

Emily GallagherThe Effects of Health Insurance on Home Payment Delinquency: Evidence from the ACA Marketplace Subsidies (April 6, 2017)

Olivia MitchellPutting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities (April 7, 2017 – 12-1:20pm in Grainger)

Anita MukherjeeThe Moral Hazard of Lifesaving Innovations: Naloxone Access, Opioid Abuse, and Crime (April 13, 2017)

Michael Collins – Household Finance and Health: Preliminary Analysis to Design a Therapy Adherence Intervention Using Financial Coaching(April 20, 2016)

Amrita KulkaBulk Purchases and Consumption Smoothing: Using Tax Policy Changes to Estimate Saving for the Future by Buying Ahead (April 27, 2017)

Benjamin KeysEyes Wide Shut? Mortgage Insurance During the Housing Boom (Friday, May 5, 2017) *Please note this seminar is being sponsored by the Real Estate Department in the WI School of Business and will be held  in Graaskamp 4440 at 10:30-12pm.

Fall 2016 Presenters:

Drew AndersonFinancial Aid for College (September 15, 2016)

Michael Collins – Evaluation of My Classroom Economy (September 22, 2016)

Justin Sydnor – Simplifying Health Insurance (September 29, 2016)

Rourke O’BrienDisparate Impact? Race, Sex, and the Use of Credit Reports in Hiring (October 6, 2016)

Kegon TanSocial Security Notch (October 13, 2016)

Kuan LiuTime to Repay or Time to Delay? The Effect of Having More Time Before a Payday Loan is Due (October 27, 2016)

Carly UrbanCan Financial Education in High School Affect Aid Packages for College Freshmen? (November 10, 2016)

SaradaEntrepreneurship and Wealth Mobility (November 17, 2016)

Cliff Robb – College Student Financial Behavior: A Social Cognitive Approach (December 1, 2016)

Madelaine L’esperanceGender and the Division of Household Financial Management (December 8, 2016)

CFS Releases Financial Coaching Training Rubric

The field of financial coaching has continued to grow over the last decade as an approach for supporting the financial capability of individuals across income levels and diverse populations. The growing demand for trained financial coaches translates into a call for more training opportunities. Yet, differentiating between training programs and choosing the one that best fits practitioner and organizational needs can be difficult.

This training rubric shares seven common components of financial coaching trainings and provides insights into the value of each one. This rubric is meant to provide guidance for individuals and organizations interested in comparing and choosing the training opportunities that best suit their needs.

Download Training Rubric