To date, Bing will not accept adverts for payday advances, thought as loans which will come due within 60 times of origination or with rates of interest more than 36%. Customer advocates round the nation and beyond our boundaries are applauding your choice as one step toward protecting individuals in serious straits that are financial “solutions” that more frequently than not placed them deeper with debt. Not every person is cheering, though.
Town Financial Services Association of America (CFSAA), which positions it self as “the only national company committed entirely to advertising accountable regulation of this pay day loan industry and consumer defenses through CFSA’s guidelines,” was quick to condemn Google’s choice. Read More