so i agree with my colleague down on the panel, ms. brody, when she touched on bringing financial services to people where they are. and i think technology allows us to do that in ways that we couldn't conceive five to 10 years ago. everything i read and the companies i talked to, this is used, as you mention, as a tool to retain employees. it happens them manage their money. helps them smooth out income volatility. i also think at the same time this is a dignity and empowerment tool. this is a way for people to take more control of their money and allow them to make decisions in real time, again, in need if something were to come up which i have certainly experienced. i think the conversation that we are having today with all these products, specifically with e.w.a., we should be keeping the consumer in mind and what would you do in those places and we should be getting those consumers more tools to manage their day-to-day financial need. mr. steil: earlier, you were being asked what the fees range from. the top end was around $7. wha

ms. brody? >> i am sorry. >> ms. torres go ahead i'm sorry. i'm sorry that is a follow-up. we are urging the supervisory powers to collect data, to get a better understanding of what the consumer experience is among all of the users in this product. they are skewing it younger it might be consumers not as familiar with the credit system as other seasoned users might be. >> that is what california is doing? >> so california has licensed them so they are able to take in data. this is the first year we have related to how many, with the volume is. we are not sure what the user experience is which is why were asking to supervise and analyze the data for a better picture of you. >> any terms of any efforts to get a more granular look at some of the borrowing patterns? >> it definitely supports supervision and data collection. it is worth considering for the they should be reporting to credit bureaus. i think it is a misconception these users do not have credit with a thin score many of them do or could. certainly doctor brody mentioned cash flow underwriting. there are plenty of

i'd like to direct this question to doctor brody. i'm interested in how low and moderate income consumers and borrowers of color in particular are using these emerging consumer products. by now, pay later allows a consumer to buy in position while paying for it over a period of time. while i am hopeful intake products can offer assistance, i'm concerned these entities may not be providing consumers with clear disclosure about terms and conditions of the new reported. let me just say that some of these products i am hearing about our similar to products used years ago. there was something familiar to the black community called layaway plan. with the layaway plans, you'd see an item you'd like to have and cannot afford it, you pay something down on it and then you continuee paying for it untl it was paid for and then you would get the item. i don't think you got it ahead of time. of course we are familiar installment loan payments we used tos do when families want o to buy a refrigerator or something they could not afford, they get the