Commentary

Tax Refund Splitting Can Help Families Save

From Berkshire County to Barnstable, one thing binds Massachusetts residents together: taxes. Tax time happens predictably every year, and a tax refund is often the largest single payment of money a household receives all year. While much of that refund may be…

The CFPB’s Data Sharing Principles

In October, the Consumer Financial Protection Bureau (CFPB) released “Consumer Protection Principles: Consumer-Authorized Financial Data Sharing and Aggregation.” These principles acknowledge the growth and promise of tools that, with user permission, access and use data from users&rsquo…

Board Reflections: An Interview with Brigitte Madrian

Board Reflections is a series of interviews with Commonwealth board members discussing their views on emerging financial challenges, innovative solutions, and the future. It is difficult to miss something you never had.  And what you call something makes a difference. Brigitte Madrian, a memb…

Board Reflections: An Interview with Howell Jackson

Board Reflections is a series of interviews with Commonwealth board members discussing their views on emerging financial challenges, innovative solutions, and the future. Personal choice.  Personal responsibility.  It is hard to argue against that pair of values. Yet while that is true i…

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 Currency (OCC) released a new framework for responsible innovation i…

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 called it nothing short of “the most sweeping and historical…