The SAVINGS Act – Save Access to a Valuable Investment Needed to Generate Savings – introduced Thursday by Rep. Matt Cartwright (D-PA) and 16 other members of Congress, would spare paper bonds from extinction and keep the tax-time savings option available.
D2D launches a pilot test of an innovative tool designed to test gamification as a motivator for savings. The experience is now available—online and via mobile application—for more than 16,000 users of the Banking Up Upside Visa® Prepaid Card at no additional cost.
D2D continues to playing a leading role in designing, testing, and scaling PLS opportunities in the US., following recent legislative successes that have removed barriers to financial institutions offering prize-linked savings (PLS).
Following exciting momentum from the passage of the federal American Savings Promotion Act, which removed federal barriers that prohibited banks and thrifts from offering prize-linked savings (PLS) accounts, Michigan passed two laws that expand opportunities for residents to save money
Yesterday, December 10, the Senate unanimously passed the American Savings Promotion Act, legislation that expands the ability of financial institutions to offer innovative prize-linked savings (PLS) accounts.