Exactly. That's a perfect example of what I'm talk

Exactly. That's a perfect example of what I'm talking about. The payday lenders now only lend to the people with the lowest risk since they have to limit the interest charged. The consumers with very low credit scores that used to utilize these payday loan now have no access to these loans. "The Consumer Financial Protection Bureau proposed tough new rules last week to end what it calls “payday debt traps” that embroil consumers in an escalating cycle of high-priced loans. The CFPB, which projects that the proposed rules could shrink payday loan volume by as much as two-thirds"

That's the same thing that will happen if laws were changed to limit what toxic lenders can charge. There will be a lot less money available to lend so many penny stock companies will go out of business.

You only know how it turned out for the payday lenders. You have no idea how it turned out for the people that used to depend on these payday loans but now can't get them