Daniel Akaka: “We need to update them as we go along.”

Thank you, Chairman Brown. Thank you very much for holding this hearing today and for all of your work on consumer protection issues.

We must also reaffirm and acknowledge the Department of Education's Federal trust responsibility for American Indian and Alaska Native students.

When Americans make wise economic decisions and are protected from bad actors, our economy and Nation are stronger for it.

Thank you for all of your work in all of that.