{"id":12726,"date":"2016-05-12T00:17:26","date_gmt":"2016-05-11T17:17:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/dangerous-payday-loans-join-guns-and-drugs-on-googles-banned-ad-list\/"},"modified":"2016-05-12T00:49:54","modified_gmt":"2016-05-11T17:49:54","slug":"dangerous-payday-loans-join-guns-and-drugs-on-googles-banned-ad-list","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dangerous-payday-loans-join-guns-and-drugs-on-googles-banned-ad-list\/","title":{"rendered":"'Dangerous' payday loans join guns and drugs on Google's banned ad list"},"content":{"rendered":"


\n$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 \u201cdangerous products\u201d 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\u2019s and Starbucks combined. Continue reading…
\n
\nSource : theguardian.com
\nRead more…‘Dangerous’ payday loans join guns and drugs on Google’s banned ad list<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

$46bn industry banned from advertising on most visited site in the worldLenders use extremely high...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-12726","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3jg","jetpack-related-posts":[{"id":13020,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-cheers-for-googles-ban-on-payday-loan-ads\/","url_meta":{"origin":12726,"position":0},"title":"Two cheers for Google\u2019s ban on payday loan ads","date":"May 14, 2016","format":false,"excerpt":"\r The search engine\u2019s ban on payday firms charging more than 36% APR is a start, but it needs to do more for the full three cheersSuccessive British governments refused to cap super-high interest rates, which is how we allowed Wonga to charge its poor borrowers up to 5,853%. Then\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26690,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/archbishops-criticism-of-payday-loans-causes-reform-of-industry\/","url_meta":{"origin":12726,"position":1},"title":"Archbishop's criticism of payday loans causes reform of industry?","date":"September 21, 2016","format":false,"excerpt":"\r Justin Welby, the archbishop of Canterbury, expressed his displeasure with companies including Wonga in 2013. A lot has since changed \u2013 though not everythingIn 2013 the Archbishop of Canterbury, Justin Welby, declared war on Wonga and other payday lenders crucifying borrowers with 5,000% interest loans. Three years later it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85256,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wonga-2-0-meet-the-new-breed-of-payday-lenders\/","url_meta":{"origin":12726,"position":2},"title":"Wonga 2.0? Meet the new breed\u00a0of payday lenders","date":"April 14, 2018","format":false,"excerpt":"\r A new wave of credit firms is offering \u2018medium-term\u2019 loans at hefty APRs of up\u00a0to 1,421% The worst of the payday lenders, famed for offering short-term loans at sky-high interest rates, may have faded away, but vulnerable consumers are still being targeted with offers of loans with four-figure APRs.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-proposes-new-rules-for-payday-loan-industry-to-curtail-borrower-debt\/","url_meta":{"origin":12726,"position":3},"title":"US proposes new rules for payday loan industry to curtail borrower debt","date":"June 2, 2016","format":false,"excerpt":"\r Consumer Financial Protection Bureau seeks to require lenders to check if people can afford to repay as critics accuse agency of ignoring credit needs of poorThe US government announced plans on Thursday to regulate the controversial $38.5bn payday loan industry. Regulation of the high-interest, low-dollar loan industry has until\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55675,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-union-for-retail-workers-aims-to-fend-off-payday-lenders\/","url_meta":{"origin":12726,"position":4},"title":"Credit union for retail workers aims to fend off payday lenders","date":"May 23, 2017","format":false,"excerpt":"\r The retailCURe credit union is backed by several large high street stores and offers loans and savings productsJohn Lewis and Debenhams are among the high street names backing a new credit union for the retail sector, officially launching today, which aims to help shop workers \u201cavoid the clutches\u201d of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":49777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loan-industry-using-former-labor-shadow-minister-as-lobbyist\/","url_meta":{"origin":12726,"position":5},"title":"Payday loan industry using former Labor shadow minister as lobbyist","date":"March 27, 2017","format":false,"excerpt":"\r Bernie Ripoll helping National Credit Providers Association argue against stronger protections for borrowersThe payday loan industry is using Labor\u2019s former shadow financial services minister to lobby against stronger protections for vulnerable and low-income borrowers.Consumer advocates have put pressure on the government to act on a promise to tighten regulation\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12726"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=12726"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12726\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=12726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=12726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=12726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}