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California Democrat Dave Min, who is vying in a tight swing district race to replace Rep. Katie Porter (D.), on Monday called “black and brown” business owners of California “very clearly unsophisticated” in dealing with financial lenders.
“When we talk about borrowers, many small business owners are very clearly unsophisticated, these are immigrant black and brown communities,” Min, a state senator, said at a legislative hearing on Monday where he presented a proposal for new regulations on small business and commercial lenders. “They’re told that entrepreneurialism, small businesses are their pathway to the American dream, and they get targeted by all sorts of predatory lending practices, debt collection practices.”
Min’s remarks come in the midst of a congressional race where he is facing off against Republican Scott Baugh to replace Democrat Katie Porter, who resigned her seat last year to make an unsuccessful bid for the Senate. Porter beat Baugh in a tight race in 2022 by just over 8,200 votes after spending more than $24 million. […]
— Read More: freebeacon.com
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