• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

Good News for Consumers: Google Bans Ads For Payday Loans

May 12, 2016 Leave a Comment

After deciding it doesn’t want to promote predatory lending practices that are harmful to consumers, Google decided to ban ads for payday loans on their ads systems. “Research has shown that these loans can result in unaffordable payment and high default rates for users so we will be updating our policies globally to reflect that,” Google’s product policy director, David Graff, writes in a blog post. Payday loans often come with extremely high interest rates if they aren’t paid back immediately, which can push people further in debt. Georgetown’s Center on Privacy and Technology notes in a statement, “Payday lenders profit from people’s weaknesses — particularly poor people and people of color. Every time someone clicks on those ads, search engines profit, too.” Of course Google will lose the revenue from the banned ads, but it will earn more trust from visitors for its other ads. Payday loans will be banned from Google globally starting June 13th.

Related

Leave a Comment Cancel reply

Must Read

  • How to Refinance a Paid Off Car
  • What's the Recommended Temperature for Vacant Home in Winter?
  • Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes
  • How to Reach a Live Person at IRS to Resolve Tax Problems
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • How One Employee Got Away After Stealing $103 Million
  • The Inventor of the 401(k) Says He Created a ‘Monster’
  • Best Money GIFs to Brighten Your Day
  • 5 Tips To Get The Best Value On An Insurance Policy

Recent Posts

  • Apple Launches Apple Card’s Savings Accounts With 4.15% Interest Rate
  • More Americans Are Using ‘Buy Now, Pay Later’ Services To Pay for Groceries
  • 5 Tips To Get The Best Value On An Insurance Policy
  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2023 · Personal Finance News