All those high-interest loan store front business are finally getting some heat from both federal and state regulators. The first federal national standards against this industry that prey on the vulnerable jacking up interest and fees for quick-rich schemes wealthy people use to entice the stupids' to take out these loans. The term stupids basically will be used from how on to differentiate people who let these companies steamroll over them financially or hazardously as the "stupids" who support smoking as well. these stupids have help make this pay-day fast loan business into a 38 billion industry of an industry that pushes people into cycles of debt where they are constantly taking out loans to repay back old ones. some states such as Colorado has already taken steps to help the
consumer against the vulture tactics of the payday loan business. other states have followed this states lead incurring interest rates and the frequency that these lenders can roll over new loans to existing customers. Despite the efforts of Colorada there is still evidence of people taking out multiple loans at a time and basically living Fifteen states effectively ban these store front eye-sores often taking the locations of former Taco Bells and fast food joints. these fifteen states basically make a cap on interest rates makin g the mass profitability of this nefarious industry ineffectual. the average annual interest rate has dropped from what was an incredible 319% to a bit lower 121% in recent years as state regulators and the fed now took a more keen interest in this industry that is ripping people off before their eyes and more needs to be done in branding this industry for the worthless slime tit is saddling people more into debt and poverty. More needs to be capped and a federal standard of interest loans set much lower than the pre0existing and outrageous 120%
The American landscape deserves better anyway. 
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