NEW ORLEANS вЂ” A bing administrator contrasted pay day loans to tobacco, weapons and pornography Wednesday while justifying the technology giant's choice to ban advertisements for high-cost, short-term credit rating.
"we do not enable advertisements for items that we think are exceptionally harmful," stated Vijay Padmanabhan, an insurance policy adviser at Bing.
Google, which announced the prohibition on pay day loan advertising month that is last had formerly prohibited adverts for appropriate services and products, he stated. Additionally in the business's marketing blacklist are firearms, cigarettes and material that is lewd.
Payday loan providers are sharply critical regarding the advertisement ban, calling Bing a monopoly this is certainly abusing its energy, and explaining the insurance policy as a type of censorship.
Padmanabhan forced straight back from the experts during an on-stage discussion at a financial-health conference co-sponsored by United states Banker together with Center for Financial Services Innovation.