I wanted to ask your position on the strategic disbursal of our Atlantic fleet carriers on the east coast.

Are there aspects, if you are familiar with Florida law, that you believe would be a good basis for a national model?

You would disagree with me? That is a fair rate of lending and that that is not going to drive someone to financial ruin if they are paying that kind of an interest rate, particularly when they are working in a fairly modest salary scale…

You should become familiar. Your organization should become familiar, because our servicemen and women need to be become familiar.

I share my full support for whatever we can move forward to ensure that this egregious practice, particularly the plight upon our servicemen and women comes to a stop.

I would just comment along the lines of what Senator Schumer said, that this is an egregious practice.

Financial literacy, in other words.

I understand payday loans are now available on the internet from off-shore lenders, and if Congress acts to curb unethical lending practices at home, what more can we do to protect the Nation's military personnel from online lenders…

But you wouldn't disagree that a 390 percent loan is unconscionable?

One of the things that I notice in your report is that this industry particularly advertises and preys upon our military personnel.

Often times, subprime lending, particularly longer-term loans, can be confused with predatory lending.