But if you look at the history of this, banks never got involved very much in consumer lending. Consumers used to borrow from sales finance contracts at very, very high interest rates. Credit cards were a way, even though we think of them as high-cost--but you have to look at the risk, the size, and the costs--of providing a line of credit to consumers, and at a lower cost than any other method for these particular consumers.
If the government comes in and regulates the interest rate, we know what happens when they put a cap on it. The demand for the loans will go up and the supply of loans will go down, and banks will have to ration. There will be people who will be squeezed out, who won't be able to borrow at all, and that can't be helpful.
So you're not helping anybody to say, okay, you're not going to pay these high rates; it's these low rates, but guess what, a large number of you won't be able to get these low rates because financial institutions will not be adequately compensated for the risks they take at that low rate. You'll just be pushing them out of the credit market.