WashU Expert: Google Payday Loan Ad Ban Highlights Need for Affordable Loans
Washington University in St. LouisGoogle announced this week it will ban advertisements for payday loans, citing the fact that high interest rates on such loans are a hardship for consumers.Google’s decision should be commended, but also highlights the need that many lower-income consumers have for affordable short-term loan options, says an expert on social and economic development at Washington University in St.