payday lending

Google to restrict ads for payday loans

Google announced today that it will no longer allow payday lenders to advertise on its systems because the loans often come with high interest rates and quick repayment requirements that push borrower

Wonga Writes Off 330,000 Debts To People It Should Never Have Lent Money To

Payday loans startup Wonga has agreed to entirely write off the debts of 330,000 customers after the UK regulator found its affordability checks were inadequate.

Activehours Raises Seed Financing To End Payday Lending

Cash-strapped borrowers can use a new service from the startup <a target="_blank" href="http://www.activehours.com">Activehours</a>, which launches today, as an alternative <a target="_blank" href="ht