NEW ORLEANS — A google administrator contrasted pay day loans to tobacco, firearms and pornography Wednesday while justifying the technology giant’s choice to ban advertisements for high-cost, short-term credit.
“we do not enable adverts for products which we think are extremely harmful,” stated Vijay Padmanabhan, an insurance policy adviser at Bing.
Bing, which announced the prohibition on pay day loan marketing final thirty days, had formerly prohibited adverts for appropriate items, he stated. Additionally in the business’s marketing blacklist are firearms, cigarettes and material that is lewd.
Payday lenders have now been sharply critical regarding the advertising ban, calling Bing a monopoly that is abusing its power, and explaining the insurance policy as a type of censorship.
Padmanabhan pressed right straight back contrary to the experts during an on-stage discussion at a financial-health conference co-sponsored by United states Banker while the Center for Financial Services Innovation.
“It is maybe maybe not censorship,” he said, noting that cash advance web sites nevertheless appear when you look at the business’s search engine results. “we are perhaps maybe perhaps not doing any such thing with respect to Bing search, despite having this modification. Read more