Ron Burgundy Posted May 11, 2016 Share Posted May 11, 2016 Google, a unit of Alphabet Inc , said it would ban advertisements for payday loans as these "deceptive or harmful financial products" take advantage of vulnerable customers. Google, which joins Facebook Inc in blocking ads by payday lenders, announced its decision a day after the U.S. Treasury suggested that online lenders support more transparency in their transactions. Payday lenders, which offer small loans at high interest rates that have to be repaid in a short period of time, have come under criticism as borrowers often fail to pay the loans or tend to refinance them, increasing their debt. View the full article Quote Link to comment Share on other sites More sharing options...
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