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May 11, 2016 03:33 pm GMT
Google announced today that it will no longer allow payday lenders to advertise on its systems because the loans often come with high interest rates and quick repayment requirements that push borrowers into debt. Payday lenders offer quick cash to low-income people, who are then required to pay back their loans within a short time frame. If they don’t, they face exorbitant interest rates… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/08e7XdKcHno/
Google to restrict ads for payday loans
Google announced today that it will no longer allow payday lenders to advertise on its systems because the loans often come with high interest rates and quick repayment requirements that push borrowers into debt. Payday lenders offer quick cash to low-income people, who are then required to pay back their loans within a short time frame. If they don’t, they face exorbitant interest rates… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/08e7XdKcHno/
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