NEW ORLEANS — A google executive contrasted pay day loans to tobacco, firearms and pornography Wednesday while justifying the technology giant’s decision to ban adverts for high-cost, short-term credit.
«we do not allow adverts for products which we think are extremely harmful,» stated Vijay Padmanabhan, an insurance policy adviser at Bing.
Bing, which announced the prohibition on pay day loan marketing final thirty days, had formerly prohibited adverts for appropriate products, he stated. Additionally from the business’s marketing blacklist are firearms, cigarettes and material that is lewd.
Payday loan providers happen sharply critical for the advertisement ban, calling Bing a monopoly that is abusing its energy, and explaining the insurance policy as a kind of censorship.
Padmanabhan forced straight back contrary to the critics during an on-stage discussion at a financial-health conference co-sponsored by United states Banker as well as the Center for Financial Services Innovation.
«It is perhaps perhaps not censorship,» he stated, noting that pay day loan web sites nevertheless appear into the company’s serp’s. «we are maybe perhaps perhaps not doing any such thing with respect to Bing search, despite having this modification. But like most business, we must make judgments about where so when we generate income.»