The search engine's ban on payday firms charging more than 36% APR is a start, but it needs to do more for the full three cheers Successive British governments refused to cap super-high interest rates, which is how we allowed Wonga to charge its poor borrowers up to 5,853%. Then this week Google shocks everyone by banning adverts for payday loans above 36% APR. It tells you a lot about who really runs the world today. The search engine giant is not banning the products itself, and they may still...
The search engine's ban on payday firms charging more than 36% APR is a start, but it needs to do more for the full three cheers Successive British governments refused to cap super-high interest rates, which is how we allowed Wonga to charge its poor borrowers up to 5,853%. Then this week Google shocks everyone by banning adverts for payday loans above 36% APR. It tells you a lot about who really runs the world today. The search engine giant is not banning the products itself, and they may still...
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