PolitiQuote

Discover video-sourced quotes by politicians

Scott Bessent: “We have lost 50%, 50% of our small and community banks that…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

Watch on YouTube

Watch CNBC's full interview with Treasury Secretary Scott Bessent

Published | Video Starts at 17:54

But she wants to control credit. She wants to put in more regulation that under the banking practices that she championed after the great financial crisis, whether it was Dodd Frank, We have lost 50%, 50% of our small and community banks that power Main Street. So everything she has done has been the opposite. But again, I think it is not unreasonable to have a discussion on the practices of these credit card companies. (17:54–18:01)

CLAIM

Claims a 50% reduction in small and community banks since the implementation of certain banking regulations.

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.


Scott Bessent

Discover more from

Scott Bessent

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

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.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.