Google says 'no' to payday lender ads


  • TECH
  • Thursday, 12 May 2016

People walk past a logo next to the main entrance of the Google building in Zurich March 9, 2011. REUTERS/Arnd Wiegmann/Files

Google, a unit of Alphabet Inc, said it would ban advertisements for payday loans as these "deceptive or harmful financial products" take advantage of vulnerable customers. 

Google, which joins Facebook Inc in blocking ads by payday lenders, announced its decision a day after the US Treasury suggested that online lenders support more transparency in their transactions. 

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