There are already enough laws and regulations on the books to take care of predatory lending practices. What is lacking is uniform enforcement. Creating another layer of government bureaucracy won't solve anything. Putting egregious offenders out of business might. Attorney generals of most states "talk" a fine game, but are so concerned with tackling bigger issues to keep their name in the spotlight, that offenses related to truth-in-lending violations are taken care of with warnings and small fines. Those of us that arrange consumer financing know the law, and those of us that respect the law and aren't driven by an unending sense of greed, abide by it. Those who habitually abuse the system aren't going to change their ways because there is another layer of government. The only way to stop these snakes is to close them down.