This article says that "[t]he top cop for U.S. consumer finance has decided not to sue a payday loan collector and is weighing whether to drop cases against three payday lenders, said five people with direct knowledge of the matter."
"Top cop" for whom?
Consumers are being preyed upon by many corporations using every angle available. Citizens answer predatory phone calls 24-7 applying persistent sales pressure to buy.
Loans for higher education and lower income or credit score deficient consumers are charged excessive interest rates that increase the probability of default.
Credit on the other hand is not guaranteed…perhaps consumers need to save more, buy less,and do without if the cost to borrow is not practical.