Clinton Global Initiative Commitment to Action

Elevate, in partnership with RLJ Financial, LLC is launching a Clinton Global Initiative Commitment to Action – Ending the Cycle of Subprime. The program will aim to help consumers improve credit scores, decrease debt, increase savings and better manage their budgets and cash flow. Over the next two years we hope to identify the subjects and forms of financial literacy that most directly and positively impact the present day financial wellness of subprime consumers and ultimately improve our offerings to our customers.

About CGI

The Clinton Global Initiative (CGI) convenes leaders to turn ideas into action. CGI Commitments to Action represent bold new ways that CGI members address global challenges—implemented through new methods of partnership and designed to maximize impact. Commitments can be small or large, global or local. No matter the size or scope, commitments help CGI members translate practical goals into meaningful and measurable results.

Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI), an initiative of the Clinton Foundation, convenes global leaders to create and implement solutions to the world’s most pressing challenges. To date, members of the CGI community have made nearly 3,200 Commitments to Action, which have improved the lives of over 430 million people in more than 180 countries.

Finding Common Ground

While the regulatory environment for consumer credit continues to evolve, we at Elevate are committed to the most responsible lending practices in the industry – not because we have to but because it’s the right thing to do. There is no question that more must be done to protect consumers from the abusive practices that have historically plagued the industry. At the same time, acknowledgment that access to credit is a financial lifeline for Americans facing economic stress is critical.

We applaud the work of consumer advocates, regulators and many others in their efforts to improve financial options and we pledge to work with them to continue developing better products for the millions of underserved Americans that make up the New Middle Class.

In 2015, Elevate hosted the second annual common ground panel “Finding Common Ground Part II – Continuing the Dialogue on Short-Term Lending” at EMERGE, an annual event hosted by CFSI and American Banker. Learn more about our Finding Common Ground Initiatives here.