It is certainly a part of our consideration how much regulation already exists. And if there are no problems, then there are no----

Whether or not there will be a day when a creditor will figure out, I can make a fast buck with something that is so lousy that the answer is it should actually be banned, that day could come.

I want to say that, as best I can, we have gotten enormous support from the industry, from consumer groups, from banking groups for the process we are using to try to embrace everyone's participation in this and to give them all an…

There are a lot of tools available to make markets work better for American families.

Our first item that we are working on out of the box is to reduce the costs for the credit issuers, yes, sir.

But remember, this is an agency we are building over a very long arc.

Of course, Mr. Chairman. We would be delighted.

We have no present intention to ban a product.

We have been asked for advice, and wherever we can be helpful we are not only glad to be helpful, we are proud to be helpful.

We are trying to get this product right, and we have had a lot of cooperation from the credit card companies.

Congressman, we will go through the process of interpreting the language that Congress has given us.