Google has announced it will be banning some payday loan apps from the Play Store as part of a crackdown on what it says are harmful practices.
According to the Wall Street Journal, Google is banning Play Store apps that offer what the company calls “deceptive or harmful” loans with annual percentage rates (APR) of 36 percent and higher.
The new expanded financial policy came into force in August, and Google says that it is already helping protect users against “exploitative” rates.
