NY (AP) â€” Internet giant Google said Wednesday it’s going to ban all ads from payday loan providers, calling the industry «deceptive» and «harmful.»
Google’s choice might have just as much or even more effect on curtailing the industry than just about any move by politicians, as many pay day loans focus on a person that is desperate online for methods to pay the bills or protect a crisis.
Effective 13, Google will no longer allow ads for loans due within 60 days and will also ban ads for loans where the interest rate is 36 percent or higher july. The industry will join Bing’s other banned types of adverts, such as for instance fake items, weapons, explosives, tobacco items and hate message. Leer más