Business Secretary Vince Cable has warned that regulating payday loans creates a risk of "letting the 'baseball bat brigade' into this industry" - apparently referring to loan sharks.
Speaking on BBC Breakfast, he said he supported the action being taken to cap charges, but added that it had to be "very, very carefully done".
There is evidence in both directions here. In the United States they have introduced caps on interest rates, they do seem to work.
On the other hand, we commissioned a study from the University of Bristol that warned about the dangers, if it is not done carefully, of letting the 'baseball bat brigade' into this industry.
More top news
The foreign secretary has criticised internet and social media giants for failing to detect and remove extremist material posted online.
Charities that receive money from EU structural and investment funds will be hit hard by Brexit, according to a House of Lords committee.
The family of the police officer who was murdered in the Westminster attack have thanked those who were with him 'in his last moments'.