But that's america I guess. The richer get richer by exploiting the poor. There should be laws on the maximal interest rate!
Additionally, there should never be caps on interest rate as long as the lenders are _forward_ about their effective rates. High risk people should always have to pay higher rates, otherwise no one would lend to them in the long-term.
There are; here's a google result that may be helpful:
http://www.lectlaw.com/files/ban02.htm
But that's america I guess. The richer get richer by exploiting the poor. There should be laws on the maximal interest rate!