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Gavin Newsom: “Interest rates that are being legally allowed to be charged…”

Featuring: Gavin Newsom, Democratic | Governor of California

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Governor Newsom, First Partner make announcements on financial literacy, wealth access for women

Published | Video Starts at 29:13

I mean, I don't, I appreciate we're focusing on credit card interest rates, but I don't know why we're not focusing enough on what's happening all across this country in our diverse communities and the Interest rates that are being legally allowed to be charged to low income folks to simply cash a check. And so the ability now to have something that's tangible, every one of these kids now has something maybe their parents don't have, that's their name to their account. (29:13–29:21)

CLAIM

Asserts that high interest rates are legally charged to low-income individuals for cashing checks.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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