New Report: Texans Face Widespread Financial Insecurity

New data from the Corporation for Enterprise Development (CFED) show that our state’s growing economy is not providing sufficient economic opportunity for all Texans.  CFED’s annual Assets & Opportunity Scorecard ranks Texas at or near the bottom among all states on key measures of the ability of residents to achieve financial security, and several of […]

New Report Shows Surprise Medical Bills Taking Toll on Texans

CPPP's Stacey Pogue

Most of us will end up in an emergency room at some point.  And when we do, we’ll probably have no choice which physicians treat us and no ability to ensure they are part of our insurance company’s network of preferred providers. As Texas consumers, we may reasonably expect that if treated in an in-network […]

Payday Loans Help Keep Texans out of the Financial Mainstream

The documentary “Spent: Looking for Change” debuted online a few months ago and quickly garnered acclaim and nearly 10 million viewers. The film traces the challenges of four working families living on the edges of the financial mainstream. The four stories, two of which take place in Texas, each represent the obstacles faced by millions […]

Texas Must Get A Handle on Budget Busting Payday Loans

This week, fair lending advocates echoed concerns we laid out in a new report about the increasingly expensive payday and auto title loans being charged to Texans. Commissioner Leslie Pettijohn with the Office of Consumer Credit Commissioner (OCCC), which oversees the lending industry in Texas, told members of the House Investment and Financial Services committee […]

Local Austin Mom Gets A Boost to Her Savings Account After Saving Tax Refund

Sharon Jones, a 37-year-old single mom in Austin, just got a big boost to her savings account thanks to the local organization Foundation Communities of Austin and OpportunityTexas’ Tax-Time Savings Project. Through its Tax-Time Savings Project (TSP), OpportunityTexas, CPPP’s joint initiative with RAISE Texas, partners with local organizations around the state, including Foundation Communities of […]

Growing Tax-Time Savings in Texas

Working for a Better Texas

By Scott Zienty Tax season is here, and for many Texas families, their tax refund presents an important savings moment. Unfortunately, it’s not easy for most filers to save their refund because they have “pre-spent” it. Low-income families also have to overcome institutional hurdles to save.  For example, an outdated Texas policy attaches liquid asset limits […]

CFED Scorecard: Texas Economic Ladder Needs Some Fixin’

Despite an improving national economy, 49.8 percent of Texas households are in a persistent state of financial insecurity, according to the 2014 CFED Assets & Opportunity Scorecard released today.  The number of households who have little or no savings to cover emergencies or to start building a better life has barely budged from last year’s […]

Thousands of Texans to lose unemployment insurance this holiday season

CPPP Leslie Helmcamp

This holiday, tens of thousands of Texans will lose unemployment insurance (UI) if Congress fails to extend federal benefits for workers unemployed for more than six months. Cutting off support will hurt Texas families and businesses as thousands of Texans will have fewer resources to cover their basic household expenses throughout 2014. During the Great […]

Although Still Low, Texas Sees Improvements in Credit Scores

Working for a Better Texas

By Lauren Stebbins Financial security is influenced by several types of income and assets, but for most people, arguably the most influential asset is the one of the most intangible: the credit score. An individual’s credit score largely determines credit access and affordability for financing a home, business, car, or other large purchases as well […]

The Texas Financial Education Endowment and How It Will Benefit Texans

Last month the Texas Financial Education Endowment (TFEE) – the first state-administered funding source for broad financial education and asset building services- announced its inaugural round of grants for eligible Texas entities.  The Endowment, administered by the Finance Commission of Texas, was created by the 82nd Legislature as part of legislation (HB 2594) that made […]