Nick Bourke @nibosays

Banking and public policy. Comments strictly my own. pewtrusts.org/small-loans Joined May 2014

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Nick Bourke @nibosays

2 years ago

High rents --> high homelessness. Allow more housing to be built --> lower rents --> lower homelessness. It seems obvious to some. But it's essential to have this kind of sober analysis to drive real change.

The Pew Trusts @pewtrusts

2 years ago

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Nick Bourke @nibosays

3 years ago

“Payday loan reform has saved consumers over $1 billion in interest and fees.” Here's how. pew.org/3XG2AML via @@pewtrusts

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Nick Bourke @nibosays

3 years ago

Cool comparison tool for cost of small loans - some states much better than others! pewtrusts.org/en/research-an…

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State Senator Kyle Koehler @repkoehler

3 years ago

Hannah news report shows that payday lenders in Ohio that embraced the reform passed in 2018 have 250% more business (compared to other states) while saving borrowers hundreds of thousands of dollars compared to states like Indiana, Michigan and Kentucky. hannah.com/DesktopDefault…

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Nick Bourke @nibosays

3 years ago

Hispanic Homebuyers Most Likely to Use Risky Financing pew.org/3E17bkg via @pewtrusts

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Alex Horowitz @AlexHrwtz

3 years ago

The same payday loan companies charge 2x-3x more in Wisconsin than they do in states that have passed well-designed reforms. Payday loan markets are not competitive on price, and good policy recognizes that.

WPR @WPR

3 years ago

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Phil Weiser @pweiser

3 years ago

Colorado is one of four states with comprehensive payday loan reforms, saving consumers millions of dollars in fees while maintaining broad access to safer small credit. I am proud to have supported this effort in Colorado. pewtrusts.org/en/research-an…

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The Pew Trusts @pewtrusts

3 years ago

This state led the way on payday loan reform. The result? Colorado borrowers have saved more than $500 million since 2010 and kept access to small loans. #COLeg

Phil Weiser @pweiser

3 years ago

This state led the way on payday loan reform. The result? Colorado borrowers have saved more than $500 million since 2010 and kept access to small loans. #COLeg

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Harvard JCHS @Harvard_JCHS

3 years ago

WATCH: Many families in less expensive regions struggle to buy a home because small mortgages are hard to obtain. The Home Financing Project @pewresearch looks at what happens when people use risky mortgage financing. @nibosays @AlexHrwtz youtu.be/Hwah2SppR5c

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Nick Bourke @nibosays

3 years ago

Groundbreaking new research from @pewtrusts about the millions of Americans who have used something other than traditional mortgages to buy homes: pew.org/38BDDxV #mortgages #housing

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Tara Roche @Tara_In_DC

3 years ago

Pew's new survey finds 36 million Americans have used alternative financing, which is often riskier, costlier, less protected than mortgages. Also deep disparities by race, ethnicity: Black, Hispanic, & Indigenous home borrowers more likely to have used alternative financing.

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Sue Urahn @SueUrahn

3 years ago

Evidence suggests that limited access to small mortgages is driving many homebuyers to riskier financing that often lacks protections. Importantly, my colleagues also share the history of alternative financing and its impacts for borrowers of color. pew.org/36OoQzl

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Pew States @PewStates

3 years ago

Surprise ending: Payday lenders warned that Colorado’s reform would put them out of business. 11 years later, 4 of largest U.S. payday loan chains are still in business there. Reform protects consumers *and* preserves access to credit. #COPolitics pew.org/3LNdBpC

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Tara Roche @Tara_In_DC

3 years ago

Homeownership among Black Americans is as low as it was when the Fair Housing Act became law in 1968. What's more, people of color are more likely to use alternative home financing products—which have higher costs and weaker protections than mortgages. pew.org/36OoQzl

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The Pew Trusts @pewtrusts

3 years ago

How much does it cost to borrow $500 for 4 months from a payday lender? Depends where you live: •Idaho ($1,000) •Nevada ($924) •Utah ($850) •Texas ($645) •Kentucky $712) … •Virginia ($138) •Ohio ($159) •Colorado ($110) •Hawaii ($158) pew.org/3Kcwths

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Jared Bennett @jaredtbennett

3 years ago

In Kentucky, a state with few payday loan safeguards, @pewtrusts found an average APR of 464%, the 5th highest in the country. pewtrusts.org/en/research-an…