It's All Wonga To Charge Too Much Interest

The number of quick loan companies advertising quick loans over short periods on TV is particularly worrying, in so much as the interest rates for these short period loans is as much as 2600%APR, which in itself is immoral.
Researching for this article, I'm astonished to find that over 4 million quick short term loans were transacted in the UK last year alone, with absolutely no control over the interest rates charged, which I find astonishing in this day and age.
Apparently the OFT in a report to Government last June spoke of their concerns, but has the Government done anything? No It's done diddly squat and this will remain so long as these companies continue to support certain political views, or support certain activities like that of sponsoring transport on New Years day in London after a request from old Boris.
Say no more.