About

Nick Bourke

Nick Bourke

  • Director
  • Consumer Finance,
  • The Pew Charitable Trusts

Profile

Nick Bourke is director of consumer finance at Pew, which includes the small-dollar loans and consumer banking projects. These teams conduct research on payday and other small loans and study the accounts that Americans rely on every day to manage their finances, such as checking accounts, prepaid cards, and mobile payments. They also offer recommendations designed to protect consumers from harmful practices and promote safe, transparent financial markets.

Bourke oversees a team of researchers and other professionals, publishing unique analyses and proposing evidence-based regulation for key segments of the financial services industry. He has testified before congressional committees and frequently interacts with stakeholders from industry and consumer groups. Bourke has conducted numerous interviews on national television and radio news programs and with top print publications.

Bourke previously led Pew’s successful campaign to reform regulation of the credit card industry. Before joining Pew, he worked with financial services and high tech companies, serving as product manager, strategy consultant, and legal adviser, with particular expertise in electronic payments. Most recently, Bourke was senior consultant and project manager for the Ziba Group, where his clients included Visa and other financial services firms. Bourke has also developed marketing analytics products for credit card providers and other organizations. He is a member of the State Bar of California.

Bourke holds a bachelor’s degree in science, technology, and society from Stanford University and a Juris Doctor from the University of California, Davis.

Recent Work

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  • A Year After CFPB Proposed a Rule for Small Loans, Borrowers Still Await Reform

    June 2 marked the one-year anniversary of the release of the Consumer Financial Protection Bureau’s official Notice of Proposed Rulemaking for Payday, Auto Title, and Certain High-Cost Installment Loans. The CFPB received more than 1 million comments on the proposal. Pew’s research indicates that federal regulation is important, but the proposal misses the mark by allowing 400 percent... Read More

  • How OCC Can Help Banks Disrupt the Payday Loan Industry

    President Trump has recently named an acting comptroller of the currency, the head of the federal agency regulating large banks. As the American Banker noted, some big questions await the agency. While much is at stake for our country’s banks, a lot is on the line for individuals and their families as well. One important opportunity that the next Office of the Comptroller of the Currency... Read More

  • Payday Loan Customers Want More Protections, Access to Lower-Cost Credit From Banks

    Payday loans typically carry annual percentage rates of 300 to 500 percent and are due on the borrower’s next payday (roughly two weeks later) in lump-sum payments that consume about a third of the average customer’s paycheck, making the loans difficult to repay without borrowing again. They are characterized by unaffordable payments, unreasonable loan terms, and unnecessarily high... Read More

Media Contact

Esther Berg

Officer, Communications

202.552.2283