The payday lending industry, hurt by losses in states that either refused to authorize their high-rate, short-term loans or moved to regulate finance charges, isn’t giving up without a fight. Payday lenders are out in full force in Wisconsin, where a legislative battle is underway over efforts to impose a 36 percent rate cap on payday loans, a move the industry claims will put it out of business. In my book 36% is all ready in the loan shark category. Payday lenders should be abolished and banks should be forced to offer loans to low income people.