Google Ban on Payday Loan Advertising Appears to Have Made the Loans More Expensive in Australia

Wow. It looks like Google’s ban on payday loan advertising has made the loans themselves more expensive – at least in Australia. “Google’s recent ban on payday loan ads has seen a shift in the way Australian short-term lenders are structuring their terms, making the loans more expensive. Announced in May, the ban pertained to ads for payday loans and some related products where repayment is due within 60 days of the date of issue.”