Claim: "In Rhode Island today, 25 percent of our households either don't have a bank account at all, or they have a bank account and they're still relying on high-cost financial services like payday loans, pawn shop check cashing and so on."
Fact-check: Treasurer candidate Seth Magaziner says 1 in 4 Rhode Islanders has no bank account or uses high-cost financial services
Verdict: true
Organisation: PolitiFact
Author: C. Eugene Emery Jr.
Date published: 2014-04-21T00:00:00