Google Shuts Out Payday Loans With App-Store Ban

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Washington: Google has banned consumer loan services from its play store apps and has limited payday lenders’ access to customers.

As per reports, the technology giant recently prohibited apps from offering personal loans with an annual percentage rate of 36% or higher on its Google Play app store.

Sources said, the new move aimed to expand financial policy and was meant to “protect users” against “exploitative” terms.

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