Saw this coming from a few thousand miles away:
Andrea Leadsom MP for South Northamptonshire has joined a coalition of MPs from all three major parties calling on the Government to set out a timetable for action to prevent exploitation in the high-cost lending market, in response to new evidence showing the speed of growth in the sector.
Remember, in Britain there are no states to regulate the industry so the national government will have to develop regulations. This is not necessarily a bad development as long as the regulations are fair and allow competition in the marketplace.
Maybe superwoman can don her cape, fly over, and show those Brits how it’s done.
After reading your comments on this story, I dare say Britain doesn’t have the pretense of federalism to louse things up. Over there it sounds like the PDL industry only need negotiate with one set of kleptocrats vs. the many layers the industry must negotiate this side of the pond.