NEW ORLEANS вЂ” A bing executive compared pay day loans to tobacco, weapons and pornography Wednesday while justifying the tech giant’s choice to ban adverts for high-cost, short-term credit.
«we do not allow ads for products which we think are extremely harmful,» stated Vijay Padmanabhan, an insurance plan adviser at Google.
Bing, which announced the prohibition on pay day loan marketing month that is last had formerly prohibited advertisements for appropriate services and products, he said. Additionally in the company’s marketing blacklist are firearms, cigarettes and material that is lewd.
Payday loan providers have now been sharply critical associated with advertisement ban, calling Bing a monopoly this is certainly abusing its energy, and explaining the insurance policy as a kind of censorship.
Padmanabhan forced straight straight back resistant to the experts during an on-stage discussion at a financial-health conference co-sponsored by United states Banker plus the Center for Financial Services Innovation.