View more on these topics

Google to ban payday loan adverts


Google will ban adverts for payday loans, the firm announced today.

The ban will come in on 13 July.

When ads are good, they connect people to interesting, useful brands, businesses and products.

“Unfortunately, not all ads are–some are for fake or harmful products, or seek to mislead users about the businesses they represent.

“We will no longer allow ads for loans where repayment is due within 60 days of the date of issue.”

Graff says Google research shows payday loans can lead to high rates of default or customers being unable to meet payments.

The changes will not apply to other sorts of lending, including mortgages.


FCA logo new 3 620x430

Payday lender enters liquidation after FCA intervention

Embattled payday lender Cash Genie has entered liquidation following an intervention from the FCA. Liquidator RSM Restructuring Advisory took over the firm, which is in the process of paying £20m in redress to 92,000 people, yesterday. The regulator says the liquidation will not affect the payment of redress to customers. Cash Genie first approached the […]


FCA forces payday lender to pay £1.7m redress

The firm behind payday loan brands Quick Quid and Pounds to Pocket has reached a deal with the FCA to repay £1.7m to almost 4,000 customers. CashEuroNet reached the deal after the FCA ordered a skilled persons review of its lending decisions in September 2014. The review found that customers were able to borrow amounts […]

FCA logo new 3 620x430

Payday lender in £15m FCA redress deal

Payday lender Dollar Financial UK has agreed to hand back £15.4m to customers following an agreement with the FCA. The firm, which trades as The Money Shop, Payday UK, Payday Express and Ladder Loans, will refund the money to over 147,000 customers. It comes after a skilled persons review of Dollar’s lending decisions, which found […]


News and expert analysis straight to your inbox

Sign up