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Advocates Applaud Google’s Ban on Pay Day Loan Ads

Advocates Applaud Google’s Ban on Pay Day Loan Ads

WASHINGTON – A broad and diverse coalition of advocates is applauding Google’s statement that it’ll ban adverts for payday advances as well as other predatory borrowing products. Today’s announcement could be the culmination of a long collaboration between this coalition and Bing to ban pay day loan adverts. Other items that Bing has prohibited adverts for incorporate “dangerous items and solutions,” a category which includes firearms, tobacco, explosives, and leisure medications.

Background

A report that is recent Upturn noted that pay day loan search adverts are typical online, even yet in states where payday financing is unlawful, and certainly will offer for longer than ten dollars per simply click. Google’s modification reflects the growing nationwide opinion that pay day loans are harmful.