Rich: Yeah. Therefore, sandbox is become some type of a slogan that is turned around sort of loosely, not just in the usa but across the world, and it will suggest various things to differing people. If this means a type of legislation free area where any such thing goes and thereвЂ™s plenty of laxity, We donвЂ™t believe thatвЂ™s good for consumers and We donвЂ™t think it is beneficial to the industry given that itвЂ™s maybe not sustainable within the long haul. If you were to think that thatвЂ™s ideal for incentivising fintech to test new things, I give some credence to this.
We attempted to try this type or sort of incentivising through our workplace, our system, which while you talked about Dan Quan headed it. He had been tremendous during the Bureau, actually invested lots of time understanding the fintech industry and bringing their insights back once again to the Bureau assisting us comprehend where these were customer friendly and where these were consumer risky and then we invested lots of time and paid lots of awareness of a number of the leading fintech businesses to aid guide them on the way and find out if we may help explain some regulatory obscurity which they come across.