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

Big corporate interests, led by the consumer finance industry, are devouring families and spitting out the bones.

We have no present intention to ban a product.

I think that Congress was smart when they put a lot of tools in the toolbox.

Congressman, I suspect we will hear from them even before you do.

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…

Well, it is--big. I mean, it is important, it is heavy, it is very relevant, how much regulation, how effective the regulation is, how well-enforced the regulation is, how consistent the regulation is throughout the country.

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.