Payday loans and predatory loan interest rates are illegal in at least several EU countries, like Belgium for example (sorry, link in Dutch): http://economie.f

Payday loans and predatory loan interest rates are illegal in at least several EU countries, like Belgium for example (sorry, link in Dutch): http://economie.fgov.be/nl/consument/consumentenkrediet/Kredietkosten/Maximale_tarieven/#.VqQeCK9ifeQ http://economie.fgov.be/nl/consument/consumentenkrediet/Kred... Absolute max APR is 11.5%. Charge more, and the consumer can just walk away from your shark credit without paying any interest. I wonder if there's been any scientific research on the effects (or the absence!) of such legislation. Anyone?