Thank you, Mr. Chair.
Welcome to this meeting.
You mentioned earlier that at some meetings you may have felt ambushed. I hope you don't feel that way here. The seat may be a little hot, but I think we're all working to try to come up with some solutions, so thank you for coming.
In your opening statement, you talked about regulation or legislation reducing competition. I think it's important that we talk about that. I'm seeing competition in a different way, and it has also been discussed, I believe, by the RCC. Competition is actually going to increase the prices that consumers will pay, because the competition is between you and Visa and a few of the other credit card companies. The competition is raising the rate to get the bank to take your card. Is that not correct?