Not quite. For instance, if you think about co-lending, there have been some stories about the fact that you can get a loan from a non federally regulated institution. The problem with that is that we have data from the second quarter of 2016, but we don't have.... We know that these are very small. They may be rising, but we don't have the data. So, we have a big lag between today and the data. That's why I'm saying we're keeping an eye on this.
On January 30th, 2017. See this statement in context.