Sorry but this sounds like more "stupid government" at work. Payday lenders exist because there is a market for them. No one holds a gun to someone's head and makes them go to payday lenders. If those that use payday lenders had better credit, they could use a normal bank. Payday lenders are used by those that are most risky. Those with poor credit. Those (for whatever reason) have few other options. That risk has a cost and payday lenders charge based on that risk. If Senator Sherrod Brown thinks that they charge too much, why doesn't he start his own payday lending business and charge whatever interest he wants? He won't do that because a) he has no idea what he is talking about, b) running a business is hard, c) according to his bio, he has never run a business and d) just because you "feel" that something is not right, does not mean that that is the case.

These businesses are not breaking any laws (or at least were not until some were recently passed, for them to break). Stop meddling with things that you don't understand!