Bing Ban Does Not Stamp Out Short-Term Payday Lending Apps

Bing Ban Does Not Stamp Out Short-Term Payday Lending Apps

In August, Bing announced a crackdown that is global Android apps offering short-term loans, saying it desired to protect consumers from just what it called “deceptive and exploitative” terms.

But five months later on, payday -style applications providing quick cash for one or a couple of weeks continue to be simple to find in numerous countries on Google Enjoy, the company’s marketplace for Android apps. Some cost rates of interest that will meet or exceed 200% annualized.