Explore Explore

The financial challenges and the solutions available to solve them are evolving. At Commonwealth we explore the "new." In this section, read about our newest ideas and thoughts.

Gifting Savings

A national survey by the Federal Reserve found that only 53% of respondents could cover a $400 emergency expense without selling something or borrowing money. This drops to 25% for households with incomes under $25,000. In…

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A New Framework for Innovation in the Federal Banking System

Federal regulatory agencies are often perceived as barriers to innovation, particularly in the financial services sector. However, there are efforts underway to change that perception. Last week the Office of the Comptroller of the…

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Minimum Wage Hikes – What if….

What if the coming minimum wage increases could be used to build financial security and opportunity for working families? Since 2015, significant momentum for minimum wage increases has spread across states and employers, affecting…

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Auto Loan Payment Schedules – What if…

What if there was an auto loan with a customizable repayment schedule based on fluctuations in borrowers’ monthly income and expense? Access to reliable transportation is crucial to a household’s financial security and…

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Save Your Tubmans in an MLK, Jr.?  Yes, Please.

The day after the announcement in April that Harriet Tubman would be the new face of the $20 bill, the Treasury Department tweeted an image of four major national newspapers heralding the move on their front pages. The New York Times…

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