It’s easy to agree that payday loans are the underbelly of the second oldest profession and generally bad for the people who rely on them. Google should be applauded for stepping up and doing something proactive to limit payday’s spread by banning related sponsored ads. However, their edict also falls victim to widely held misconceptions about the alternative lending industry and an overreach that could ultimately forestall innovation and adversely affect the very same vulnerable consumers it’s meant to protect.

from Forbes – Tech http://ift.tt/2a363lB
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