> But the NCUA wouldn't allow him to set interest rates lower That indicates that those rates aren't actually predatory at all, but required in order to defend

> But the NCUA wouldn't allow him to set interest rates lower That indicates that those rates aren't actually predatory at all, but required in order to defend against default. Which really isn't all that surprising: in the case of payday loans and such, there are many operators, and anyone who could lessen his profit-per-loan could very easily snap up a great number of customers, increasing his net profit. That no-one has done this indicates either collusion or that the rates are fair.