The cash advance chain ACE money Express had a short minute of notoriety in 2014, whenever an ill-advised example from an inside training manual slipped into general general public view.
Interestingly forthright, the graphic depicted the cycle of financial obligation which is why payday loan providers usually have criticized. It recommended that Irving, Texas-based ACE ended up being trying to trap its clients for a borrowing treadmill machine.
Nearly couple of years later on, whenever Bing banned advertisements for U.S. loans with yearly portion prices above 36%, the technology giant cited the payday lending financial obligation period as a reason that is key.
Google’s 2016 ban received praise from customer advocates and civil legal rights teams, along side jeers from 1 then-executive at ACE Cash Express. Continue reading Payday loan providers have found methods around Google’s advertisement ban