ms. lindstrom, please proceed. >> thank you, chairman johnson and other distinguished senators for giving me the opportunity to speak. once again i am christine lindstrom with the u.s. public interest research group. the topic of today's hearing is fraught so i will focus our remarks on issues that used heard has been actively tracking and promoting specific in the campus banking space just come up in several senators introductions. since 2007 we work to ensure that students are protected from trips and shots that are layered and high cost products like campus credit cards, private student loans and campus bank accounts and debit cards. right now since are being hit with high fees that are hard to avoid as it tried to access their federal aid refunds for campus sponsored bank accounts and prepaid debit cards. we found in our 2012 report, they campus debit card trap, that two in five college students in the country are exposed to debit cards on campus that may drive up the cost. students is some chances are charged steep and unusual these to get to their federal financial aid, including in

ms. lindstrom. when you look at this full report, you talked about transparency. i could not agree more. i think senator warner made a great point, let's let people end.at the front what recommendations would you have for us in terms of reviving greater transparency on all of these financial transactions, not just debit cards but student loans in general, so that we have more truth in lending, if i can put it that way? >> well, we are also supportive of the know before you go revisions that have been discussed. -- provisions that have been discussed. wouldn't you agree that sometimes students make bad decisions even if they have access to all the information? >> i do think that financial education plays a role. it is not the primary way that you are going to clean up or make the marketplace fair for students. in reality, these are uninformed consumers who are just emerging in the marketplace and they need stronger protections. >> i am disturbed a little bit of that answer. with studentn deal loan debt and mortgage loan debt and credit card debt. canmost important