According to one study, around 42% of millennials have used an alternative financial services product. Nearly 50% of millennials couldn’t find $2,000 for an unexpected bill the following month. Federal regulators are expected to announce more rules on alternative lending products in June. Google made headlines in announcing the paydayRead More →
Google, the search engine company of Alphabet Inc GOOGL, +0.14% announced plans Wednesday to ban payday lender ads. This decision comes after pressure from outside groups. More than 200 members of a coalition led by the Leadership Conference on Civil and Human Rights voted unanimously in December 2013 to urgeRead More →
Google on Wednesday said it would ban all advertisements for payday loans and related products on its website because they often result in unaffordable repayment terms and financial harm to consumers. David Graff, director of global product policy at Google, announced in a blog post that the global ban wouldRead More →
Payday loans, which tricking low-income borrowers into swapping temporary cash for unsustainable interest rates, are a blight on the US financial system. That’s why it’s such good news that Google will ban payday loan ads starting this summer. If you are unfamiliar with the practice of payday loans, you areRead More →
Google said it would ban advertisements for payday loans because they may be “misleading or harmful”. The ban, which will take effect worldwide from July 13, will cover loans that may be due within 60 days and, in the United States, loans bearing an annual interest rate of 36% orRead More →
Google released a update of its advertising policy on personal loans this will impact many advertisers across all financial verticals. According to Google, ads and websites that promote dangerous payday loan offers will be banned from advertising with AdWords. …we prohibit advertisements for payday loans and certain related products fromRead More →
Imagine that you find yourself in some kind of financial crisis: the rent is due, but your car broke down a few weeks ago, gobbling up a few hundred dollars. Now you are small. You know your family and friends can’t help you, so you type the phrase “can’t doRead More →