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David Rothstein: All Related Content

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Ohio’s Tax Time Coalition

  • By
  • David Rothstein,
  • New America Foundation
November 22, 2013
Throughout the country, a network of over 4,300 Volunteer Income Tax Assistance (VITA) sites helps over 1.2 million low-income taxpayers file their taxes for free each year. Organized through IRS grants, the sites not only help low-income Americans file their taxes, but also to take advantage of important tax credits like the Earned Income Tax Credit (EITC). For more than six years, the Ohio Tax Time Coalition (formerly the Franklin County EITC Coalition) has served the Columbus metro area as one of these sites.

WATCHDOG: Pricey Car-Title Loans Balloon; State Stands By | Cincinnati.com

September 5, 2013


Instead of registering under the new law, lenders simply started operating under laws meant for other types of loans, said David Rothstein of the Neighborhood Housing Services of Greater Cleveland. The fees that accompany the loans send the annual percentage rate skyrocketing well into the triple digits.
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Ohio Foreclosure Problem Still a Crisis | Dayton Daily News

June 4, 2013

“The economy cannot recover with 70,000 new foreclosure filings a year,” said David Rothstein, Policy Matters project director for asset building, and author of the group’s annual foreclosure report “Housing Insecurity” released in May.“It’s so divided by zip code and area by where things are getting better and things are staying the same,” Rothstein said.

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The Other Shoe Drops on Payday Lenders

April 24, 2013
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As it turns out, consumer advocates might have underestimated the impact of payday loans on consumers. We have written pretty extensively about the debt trap or cycle of borrowing that short-term, high-cost loans have on consumers. We are now getting real data and first impressions are that it is worse than we thought. The good news is that federal regulators are poised to take action.

A Fairer Tax System | The Toledo Blade

March 30, 2013

In Ohio, a state credit set at 20 percent of the federal credit would create an average benefit of $446, said David Rothstein of Policy Matters Ohio. That would cost the state $360 million a year, or 2 percent of the state budget.

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Payday Lenders Use Loopholes to Maintain High Loan Rates | Vindy.com

March 22, 2013

“The reason payday lending still exists is because the lenders are using lending statutes that were not meant for short-term, high-cost lending,” said David Rothstein from Policy Matters Ohio, a nonpartisan policy research organization that focuses on economic issues facing low- and middle- income workers.

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Local Agencies Aim to Teach ‘True Financial Stability’

March 11, 2013

...Financial education is a good thing, but that alone is not enough to lift people from poverty, said David Rothstein, project director of asset building for Policy Matters Ohio, a nonpartisan policy research organization ...

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Avoiding Bad Moves and Risky Financial Ventures

March 11, 2013

... Tax-refund or anticipation loans are heavily marketed to those taxpayers who claim an Earned Income Tax Credit on their return, said David Rothstein of Policy Matters Ohio. ...

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Mythbusters: Payday Lending Version, Part II

February 28, 2013
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Last year I analyzed four myths about payday lending that the Pew Charitable Trust’s “Payday Lending in America” project proved to be highly suspect in the first iteration of their study on borrowers. Their newest report (How Borrowers Choose and Repay Payday Loans) goes into more depth, revealing a love-hate relationship between borrowers and high-cost, short term loans. The report tells a conflicting story of dependence, need, stress, relief, and any other emotion associated with finances that you could think of. Borrowing from the Mythbusters again, here’s the skinny on Pew’s new report.

Three Years After Credit Card Reform, Consumers Save Millions But, in Some Cases, See Fewer Rewards and More Fees | Cleveland Plain Dealer

February 14, 2013

Following the financial collapse of 2008, Congress passed the Credit Card Accountability Responsibility and Disclosure Act of 2009. The majority of the changes took effect in February 2010, and the reform has been tremendously good for consumers, said David Rothstein, a project director for Policy Matters Ohio in Cleveland.

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