Interest Rates on Online Payday Loans Too High in Wisconsin?

A Consumer of a series of short-term credit options such as online payday loans has filed a counterclaim in a Wisconsin court after the company she had got the online payday loans from had sued her after she failed to pay the loans back.

The woman claims that the rates she was charged on her cash in advance loans were immorally high. However, the judge presiding over the case was not comfortable saying rates were too high or not, so the judge kicked the case up to the Wisconsin Supreme Court.

I have a pair of opinions on this matter regarding the rates of online payday loans and other types of short-term credit opinions, such as payday loans with no credit check

First of all, I agree with the judge of the case that he or she should not be deciding whether or not rates on online payday loans are high or not. Judges should only decide on matters of the law and if there is no legal cap on interest rates on online payday loans, then the judges should not be involved.
On the other hand, I wish that the initial judge had not sent this case up to the state Supreme Court. Those judges too have no business deciding on things that are not about the law, and as I said above, as long as there is no cap on interest rates of online payday loans, the law does not need to be involved.
Another possible problem that could come from judges declaring which rates are too high on online payday loans is that different judges would have different opinions. Their differing rulings would result in many different acceptable rates across the state, confusing both the consumers and the lenders of online payday loans.
Though I do not support lawmakers setting caps on interest rates of online payday loans and other types of short-term credit options, I would prefer that happening over judges making this decision on rates of online payday loans.