Bing had been straight to get tough on pay day loan adverts — and today, other people should follow suit.

Bing had been straight to get tough on pay day loan adverts — and today, other people should follow suit.

But technology businesses can’t fix lending that is predatory on their own.

G oogle announced Wednesday that it’ll quickly ban advertisements for payday advances. For lots more on this change, see one of these numerous exemplary news tales.

My colleagues and I also at Upturn are section of a varied coalition of advocates that caused Bing with this policy that is new. Upturn published a study fall that is last Led Astray, that explained the internal workings of pay day loan advertising, and assisted spark the discussion that resulted in this week’s modification.

While you might expect, i believe Bing made an excellent call. Here’s why:

Problem 1: Payday loans hurt much more than they assist, and disproportionately influence minorities as well as the bad. Continue reading “Bing had been straight to get tough on pay day loan adverts — and today, other people should follow suit.”