Common Cents Adds Lend Street to New Class to Advance Financial Health Using Behavioral Science
SAN FRANCISCO and DURHAM, N.C., March 01, 2018 (GLOBE NEWSWIRE) — Common Cents Lab, a financial research lab at Duke University supported by MetLife Foundation, today unveiled the 14 new behavioral design partners selected for its work in 2018. Each year, the lab chooses a new group of financial services providers to custom design, test, and launch new features and products that aim to increase financial well-being for 1.8 million low- to moderate-income (LMI) households in America
Cross Culture portfolio company Lendstreet will join the 2018 class. Lendstreet provides a debt reduction loan to help people get out of debt, rebuild their credit and get a fresh start.
“Common Cents’ practical approach to working with partners – fintech or nonprofits or financial services – has led to real growth and impact for the half a million hard-working individuals and families who have improved their financial health as a result,” said Dennis White, President and CEO, MetLife Foundation. Read the article and access the 2017 annual report