Bing Will Ban Ads for Pay Day Loans
A company for payday lenders calls Google’s brand new policy “censorship.”
Bing will ban advertisements by payday loan providers, saying the policy that is new to safeguard folks from “deceptive or harmful lending options.”
The technology giant announced that it will ban ads for loans where repayment is due within 60 days of the date of issue today. Within the U.S., it shall additionally ban advertisements for loans with an APR of 36 % or more. The brand new policy takes influence on July 13.
“When reviewing our policies, research has shown why these loans may result in unaffordable re re payment and default that is high for users therefore we will soon be upgrading our policies globally to reflect that,” Bing’s Director, Global Product Policy, David Graff had written in a post.
Facebook currently bans adverts on its social media marketing site for “payday loans, paycheck advances or just about any other short-term loan meant to pay for another person’s costs until their next payday,” in accordance with the organization’s marketing policy. Continue reading
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