We believe the code of conduct did have some very positive effects. The concern we have is that it's done little to impact the high rates of credit cards. The practices that we've seen the credit card companies continue to operate under, such as bundling of services and imposing contracts that aren't negotiable, whether you're a small independent or a large chain, have resulted in very high rates that we have very little ability to negotiate.
On October 22nd, 2012. See this statement in context.