PayDayLending
Latest
Google takes a stand against predatory lending ads
From July 13th, Google will ban adverts that promote predatory lending and other dubious financial products. In a blog post written by David Graff, the firm's director of policy, it's said that adverts for loans with repayment terms of less than 60 days will automatically be excluded. In addition, if a product in the US has an annual percentage rate of 36 percent or higher, it'll be blacklisted. Graff says that these loans can "result in unaffordable payment and high default rates," and that Google wants to protect its users from "deceptive or harmful financial products."
Amazon said to be considering NFC-based mobile payment service
As you may be aware, Amazon does actually already make it easier for you to shop at places other than Amazon.com with its Amazon Payments service, and it now looks like it might even be thinking about expanding things to brick and mortar stores as well. More specifically, Bloomberg is reporting that Amazon is exploring a mobile payment service based on NFC technology, which would let you pay for items and receive things like loyalty points using nothing other than an NFC-equipped cellphone. Not surprisingly, Amazon is also said to be considering some other features that would send folks back to Amazon.com -- Bloomberg gives the example of someone shopping for jeans in a retail store who can't find the right size, and says that they could simply scan the jean's tag to order a pair online. Details are otherwise a bit light, and the service is apparently still not quite a sure thing, although a person familiar with the matter says Amazon will decide whether to go forward with it or not "in the next three to five months."
