Google to ban payday lending ads, calling industry 'harmful'
NEW YORK - Google says it will ban ads from payday lenders, calling the industry "deceptive" and "harmful."
Google said Wednesday it 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. The ban is effective July 13.
Payday lenders have come under criticism for charging high interest rates to customers, who are often poor, for short-term loans that wind up being difficult to pay off, leading many to be stuck in a cycle of debt.
Google makes most of its money from ads related to the searches its customers use. As the largest search engine, it also holds the place as the Internet's largest advertising company.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Despite contentious meeting Thursday night, EBR school board won't endorse investigation into...
Movie crew set to film for 'The Mascot' with Mike the Tiger...
Amid push for new stormwater fee, some frustrated EBR homeowners say it's...
Mayor proposing new fee to fund drainage plan; find out how much...
Deputies looking for band of car burglars accused of targeting upscale Denham...
Fans' Choice Player of the Week 4: Central's Glen Cage
Plaquemine's Jayden Rogers leading the Green Devils through music
Southeastern knocks off #4 Incarnate Word on Eli Sawyer game winning touchdown...
McKinley High's homecoming football game canceled after bench-clearing brawl broke out between...
LSU Baseball team volunteers with Baton Rouge's Miracle League