Judicial scrutiny? Nonsense. Of course they could regulate it. They regulate payday loans now they just don't regulate them effectively. Arguably by design.

Judicial scrutiny? Nonsense. Of course they could regulate it. They regulate payday loans now they just don't regulate them effectively. Arguably by design. The financial services industry in the United States is one of the most highly regulated industries in the world and both the Federal and State governments have well-established and sweeping authority to address the problem posed by payday loans. They choose not to because their PAC donors are the payday lenders not the borrowers.