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Google Prohibits Payday Lending Ads, Buys Payday Lender

July 28, 2016

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Google’s “do no evil” mantra and the company’s sometimes arbitrary actions have been called into question time and again.

Effective July 13, 2016, Google implemented a new policy that prohibits payday lending companies from advertising on Google AdWords. Any lender offering loans which require repayment within 60 days, or with an APR of 36 percent or more, will no longer be allowed to advertise on Google, a move that will no doubt put many of the smaller payday lenders out of business.

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