Mike Archer directs legal services for Marine Corps families on the East Coast. He appeared Wednesday to speak out against H810, a North Carolina bill that would allow consumer lenders to charge higher interest on larger loans.

Under current law, lenders can charge 36 percent interest on the first $600 loaned.  H810 would raise that ceiling to $1500.  Archer spoke on behalf of the Department of Defense and Defense Secretary William Gates. ”Let me make something perfectly clear: the Secretary is opposed to House Bill 810 in its original form. And the Secretary is opposed to the amended House bill.”

See full press conference below.