Google announced it could ban all pay day loan adverts through its AdWords solution, customer advocates had been delighted. But months following the policy had been implemented, brokers that connect borrowers to still payday lenders buy Google ads. They may actually have effortlessly sidestepped the organization’s rules, making customers nevertheless susceptible to high-cost debt traps that can destroy their monetary everyday lives. Under Google’s guidelines, which went into impact in July, advertisers for just what they call “personal loans” can be prohibited when they need payment in complete in 60 times or less, or carry a apr (APR) above 36 %. This eliminates all pay day loans, that are typically due within fourteen days, and also have APRs well […]