The Missouri House approved restrictions on payday loans on Tuesday, but some day the restrictions aren’t enough to reign in an unruly industry.

Payday loan companies offer short-term cash loans. The loans are often offered to high-risk borrowers with substantial fees attached.

A new bill offers protections to consumers, but legislators urged the importance of not putting the companies out of business.

Total interest on the loans would be capped at 60 percent of the loan amount, and a customer can roll over a loan three times, instead of the current six, under the new legislation.

Critics argued the bill did nothing to protect consumers from themselves, noting the practice as predatory lending.