Yes the market power is also one sided, capping the rate also doesn't really help without guaranteeing more access to credit. The best thing is: a) UBI, just

Yes the market power is also one sided, capping the rate also doesn't really help without guaranteeing more access to credit. The best thing is: a) UBI, just hand out a tiny bit of money to make poor people more liquid, because liquidity kills, not insolvency b) postal banking, because even shittier than a payday loan is high fee check cashing without a pretense of debt! Poor people hopefully at the point can save up a paychecks worth of buffer in their bank account, and don't need postal bank loans to replay payday loans.