National Consumers League statement on Google decision to ban payday loan ads – National Consumers League
May 12, 2016
Contact: NCL Cindy Hoang, cindyh@nclnet.org, (202) 835-3323
Washington, DC–The National Consumers League, the nation’s pioneering consumer and worker advocacy organization, applauds the decision by Google to ban payday lending ads on its advertising network. Google has long banned ads for dangerous products like guns, drugs and counterfeit products. The company’s decision to ban payday loans ads acknowledges the inescapable fact that those dangerous loans harm millions of low-income American consumers by trapping them in an inescapable web of debt.
The following statement is attributable to Sally Greenberg, Executive Director of the National Consumers League:
“By banning payday loans ads, Google has taken a principled stand that will benefit the 12 million Americans who are forced to rely on these predatory financial products every year. The payday lending industry has increasingly migrated online, often as a way to escape consumer protection regulations. We are therefore heartened that Google has responded to the calls by advocates from across the consumer and civil rights community to get the company to take the right step.”
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About the National Consumers League
The National Consumers League, founded in 1899, is America’s pioneer consumer organization. Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad. For more information, visit www.nclnet.org.
