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Google bans predatory payday loan apps from the Play Store

Photo by: Engadget

Google has fought predatory loans for a while, but now it's taking that fight to its app store. The Wall Street Journal has learned that Google recently banned Play Store apps with "deceptive or harmful" personal loans where the annual percentage rate is 36 percent or higher, such as many payday loans. A spokesman said the expanded financial policy, implemented in August, was meant to "protect...

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