How to Develop Work Based Learning Experiences

With a projected million middle skills jobs opening up in Indiana by 2024, skills-based/work-based learning is changing the way educators and employers are training, recruiting, and retaining talent to fill future workforce needs.

Work-based learning (WBL) offers a unique opportunity for individuals from diverse backgrounds to develop first-hand knowledge and skills beyond the classroom environment through industry exposure and on the job training. It provides employers with a platform to align their training needs with the actual skills necessary to be successful on the job.

Here are a few guidelines to use when building successful work based learning experiences:

National Consumer Law Center Report Outlines What Happens After Payday Lenders are Restricted

Consumers in states where predatory lenders are expelled report being relieved and many adapt by employing a variety of safer financial strategies, including budgeting and borrowing from family. However, even once predatory lenders are driven out, payday lenders are finding legal loopholes – such as overdraft loans, installment loans, and auto title loans – that enable them to prey upon the most vulnerable in the community again.

ACTION ALERT: Speak Up Today to Defend CRA

We are counting on you to lift your voice to push back against potentially harmful changes to the Community Reinvestment Act (CRA). CRA is a landmark civil rights law to end discrimination that was once common in America’s banking and housing markets.

While some strides have been made, the lack of investment in low-income areas and communities of color remains a persistent concern. Even still, regulators have proposed ideas that may substantially weaken the law via an Advanced Notice of Proposed Rulemaking (ANPR).  We need you to speak up to ensure CRA is strengthened, not weakened. 

We only have until Nov. 19 to comment on these ideas and urge regulators to consider CRA reforms that more effectively hold banks accountable for equitable investments and help them more flexibly respond to community needs.

New Report Reveals Concerning Data on Increasing Number of ALICE Households

ALICE is an acronym for Asset Limited, Income Constrained, Employed. These households have incomes above the Federal Poverty Level but struggle to afford basic household necessities. In the words of Indiana United Ways Board Chair, Ron Turpin, “ALICE gets up each day to go to work, but still faces financial barriers – working jobs that offer no healthcare, vacation, or paid sick leave. These workers hold jobs that are critical to the success and vitality of our communities, yet they often struggle to afford food, rent, child care, and transportation, and have little left over for saving and investing.”

Helping Families Thrive Through Financial Coaching

For the past decade, the Local Initiatives Support Corporation (LISC), a national community development organization with an office in Indianapolis, has cultivated an asset-building model called the Financial Opportunity Center (FOC) that bundles one-on-one financial coaching and employment services to help low-wealth families move closer to financial independence.  FOC services are delivered by highly trained coaches in familiar settings – typically organizations with deep roots in the neighborhoods they serve.  Despite good results from this one-on-one approach and people’s stated desired to continue working with a coach, it is often difficult to retain them in a long-term coaching relationship.  To that end, LISC has worked with the Common Cents Lab at Duke’s University’s Center for Advanced Hindsight to test an approach to improved coaching retention based on the principles of behavioral economics.

Community Loan Centers: Informational Webinar with Matt Hull

Community Loan Centers (CLC) exist to provide an alternative, fairly-priced loan program to low-income families. On Wednesday, August 29, the Network hosted a free webinar featuring special guest Matt Hull, executive director of the Texas Association of Community Development Corporations, examining how CLCs are helping families in 16 markets across seven states. Click below to view the full webinar.

Hoosiers Not Saving Enough for Retirement

Are you saving enough for retirement? Many of us believe we are but, unfortunately, statistics show that’s just not the case here in Indiana.

According to a National Financial Capability Study, research participants were asked five questions covering aspects of economics and finance encountered in everyday life. Only 35 percent of Hoosiers (and 37 percent of U.S. adults) could correctly answer 4 or 5 out of 5.

CFPB Acting Director Mulvaney Joins Payday Lenders to Push Pause on Payday Rule

The Consumer Financial Protection Bureau joined two payday lender associations — the Consumer Financial Service Association of America and the Consumer Service Alliance of Texas — in a motion to push pause on pending litigation to block implementation of the CFPB’s payday rule. In the same motion, they sought a delay of the rule’s compliance date of August 19, 2019.

CFPB Announces Intent to End Public Access to Complaint Database

According to a new report from the Wall Street Journal, Mick Mulvaney, acting Director of the Consumer Financial Protection Bureau, announced his intent to end public access to the Bureau’s complaint database. Consumers use the database to file complaints against financial companies, and the CFPB publishes these complaints for public use. “I don’t see anything in here that says I have to run a Yelp for financial services sponsored by the federal government,” Mulvaney said.