I think that is an issue. The scenario you painted is a possibility. Perhaps a greater possibility would be that the regulation of the bank side, the 32% side of this marketplace--and one of the witnesses mentioned that consumers usually act rationally in a marketplace--would probably push the white label market entirely out of existence because the consumers would be going to the low-cost provider.
We would eliminate a vibrant industry in Canada. If we can use history as our guide, I think we'd find ourselves back in 1996 with 18,000 ATMs across the entire country, and therefore, as an unintended consequence, with a reduction in the access points that we have. To say that ATM branches are going to be springing up in all of the rural areas, I think, is a little bit far-fetched. We would have the consumer losing in having fewer access points, as we had in 1996. We'd have an entire industry wiped out.
And by the way, that industry also shares a portion of its revenue with the sole proprietors who usually rent the space of that ATM. So there's an entire other industry that is benefiting from that white label industry, which we can't forget as well.
I think you're right, you would have some unintended consequences, and I see it as a lose-lose scenario.