Do you think your customers need a 20% interest rate compounding when Canadian taxpayers did financially support the banks during a number of different issues? On top of that, interest rates are lower.
Why is it required for your bank and your credit card to have a credit card in your system that's at 20%? What's the reason for the 20%?
Can you share with us the profile of that 20%?
I suspect the ones at 20% are probably lower on the income scale than others that have a reduced credit card fee for other reasons. That's generally what consumer markets say.
Why is 20% required?