Gavin Newsom: “There's a proliferation of payday lenders, you know, all…”

“Proven it can be done and do it in a way now that no one else can lay claim because every one of these kids, over half these kids, parents, don't have access to checking and savings. That's why There's a proliferation of payday lenders, you know, all these, you know, loan sharks that are out there taking advantage of folks. And they are, there's no other way to describe it. Usorious interest rates. I mean, I don't, I appreciate we're focusing on credit card interest rates, but I don't know …” (28:49–28:58)

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