“If the proposed rule is implemented, there will be a significant impact to our revenue, gradually resolving over time.”

In context

“edit records. And a small late fee may not have that deterrent effect. Late fees are also a way that issuers can partially price for risk, and this enables greater access -- for consumers, greater access to credit and a lower cost of credit on average. A reduction in late fees is almost certain to reduce credit access to certain parts of the population. And the CFPB proposal is, of course, not yet finalized, and it could be subject to delays or changes due to litigation. But we have to plan for the potential of this becoming law early next year. And Capital One has pursued a strategy of offering very simple credit card products with limited fees and complexity. And ironically, the late fee has been an important part of our product structure because of the reasons that I cited earlier. If the proposed rule is implemented, there will be a significant impact to our revenue, gradually resolving over time. And there are ways to mitigate the impact, but as a practical matter, those solutions will take several years to work their way through the portfolio. So as we pull up and I share with you how we're thinking of the business, we really like the opportunities in the card marketplace we -- for all the reasons that I've talked about, but we also need to really stare at this proposal that may become the rule of the land and I just wanted to share with you how we're thinking about that. And that's an important focus of Capital One. And our solutions to that will be very focused on finding solutions that are consistent with maintaining a winning customer franchise, and that's a thing that takes time to work its way in. Do you have another question, Dominick, you wanted to ask? Dominick Gabr”