Absolutely there is. However the largest regulatory risk is...

Absolutely there is. However the largest regulatory risk is associated with SACCs and MNY are progressively derisking in that sense by consistently reducing the proportion of the total loan book that are SACCs in favour of larger credit contracts and auto loans. I think SACCs make up around 12% of the book. So they are definitely moving the right direction however I believe it will take some time to shake off the look and distance themselves from the traditionally unethical or immoral payday lending crowd