Payday lenders are an extension of the predatory lending practices. This is what caused issues in 2008 FC and now they are being targeted for being unfair. I think there needs to be limits on PL due to the fact it is legal loan sharking and they prey on the poor and the needy. If they were smart they would open up small community banks and get low interest loans to people in need and deal in volume and repeat then scamming people into debt.