Mark Patton

Posted by on Sep 1, 2006 in Opponent, Quotes

“A service member saddled with debt, fear, and considerable stress, could suddenly find his integrity compromised. His job performance will probably suffer, and he most likely will lose his security clearance and be temporarily removed from his assignment. Between 2000 and 2005, revoked or denied security clearances for Sailors and Marines due to financial problems have increased 1600 percent.

“At a time when we are at war, this is an unacceptable loss of valuable talent and resources.”

Captain Mark Patton blames payday lenders for the increase in revoked security clearances…

In a statement before the California State Senate Joint Assembly, Patton also said payday lenders are the Navy’s number one enemy:

“We do not need the so-called services of predators outside our gates who are little more than legalized loan sharks. There is no Enemy that our Navy is more passionate about defeating than one who targets our own sailors. We will do everything WE possibly can to turn this trend around and defeat unscrupulous practices that prey on our sailors. But these efforts demand tremendous resources; both in manpower and available funds. These are resources we cannot afford to waste in a time of War.”

Captain Mark Patton is Commanding Officer of Naval Base Point Loma, California, and the leader of Rear Admiral Herring’s task force on predatory lending.

Source: Report On Predatory Lending Practices Directed at Members of the Armed Forces and Their Dependents (Department of Defense Report Published on August 9th, 2006)

If you are in the military, please considert Interest Free Loans for Military Personnel and Credit Unions in our Payday Loan Alternatives category.

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