Property News · May 12, 2016

'Dangerous' payday loans join guns and drugs on Google's banned ad list


$46bn industry banned from advertising on most visited site in the worldLenders use extremely high interest rates and target vulnerable peopleGoogle announced a ban on search ads from payday lenders on Wednesday, classifying them in their “dangerous products” category with guns, tobacco and explosives. Banning ads from payday lenders is a big move for Google, the most visited website in the world, against a massive and mostly legal market. Payday lending is a $46bn industry, and there are more payday loan storefronts in the US than McDonald’s and Starbucks combined. Continue reading…

Source : theguardian.com
Read more…‘Dangerous’ payday loans join guns and drugs on Google’s banned ad list