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Google says ‘no’ to payday lender ads

(Reuters) -. Google, a unit of Alphabet Inc., said it would prohibit advertisements for payday loans because it is "deceptive and harmful financial...

 

Google says 'no' to payday lender ads

(Reuters) -. Google, a unit of Alphabet Inc., said it would prohibit advertisements for payday loans because it is “deceptive and harmful financial products” to vulnerable customers

Google, which Facebook connect Inc. in concluding advertising by payday lenders, announced his decision presented a day after the US Treasury that online lenders supports greater transparency in their transactions.

payday lenders that small loans at high interest rates that must be followed to provide repaid within a short period of time, came under criticism as lenders often fails to pay the loan or tendency refinance them to increase their debt.

“Research has shown these loans can lead to priceless payment defaults and high for users,” said David Graff, director of global product policy at Google, said yesterday in a Google blog. (Http://bit.ly/1qe5nMP)

Shares in online lender Enova International Inc. has 6.2 percent on Wednesday, while the World Acceptance Corp was en 3 percent.

“It is disappointing that a website created to help give users full access to information that arbitrary choices on the ads users are allowed to see the legitimate enterprises,” Kirk Chartier, Enova chief marketing said in a statement.

He added that Enova significant impact on its business from Google’s decision is not expected.

The company will advertise loans where repayment due prohibited within 60 days from the date of issue. In the United States, the company will also advertisements for loans with annual percentage rates (APRS) of 36 percent or more prohibited

Federal policy makers and regulators in the past discussed and rejected the idea of ​​limiting the APRS. – Whether annual interest rates on loans – 36 percent. Some states, including New Hampshire and Montana, has done so at the local level, but according to the Consumer Federation of America.

“To an ad rule that not only make disturbing violated state and federal law, but it is discriminatory,” Lisa McGreevy, CEO of Online Borrowers Alliance, told Reuters.

“a certain class of people who would otherwise not regular credit eligibility now can get credit … It is their (Google) decide who can and can not credit information.”

Ads that appear on the top and right side of a Google search results will not display more marketing of the payday lending industry started 13th July.

Twitter says Dorsey continues to forego direct compensation

 

Twitter says Dorsey continues to forego direct compensation

Dorsey agreed in June to a salary until the company’s compensation committee he agreed on a package.

The committee decided on Wednesday after introducing a performance-based program for top managers ekwiteitvergoedingskemas Twitter’s commitment to bind their performance closer to that of the company, according to the filing.

Twitter reported its first quarter earlier this week no growth in users, stoke fresh concern about how long it will take for the company to reverse the trend.

In January, four executives of the company. Following the departure, Twitter named American Express Co. executive Leslie Berland as its chief marketing officer.

Facing the slowdown user growth, Twitter is experimenting under Dorsey who became CEO interim CEO in July and then in October, with ways to make more attractive the website

(Reporting by Lehar moon in Bangalore; Editing by Saumyadeb Chakrabarty).

Clinton says FBI has not contacted her about emails

 

WASHINGTON (AP) â ?? “Democratic presidential candidate Hillary Clinton, said the FBI has not contacted her about his research or she has classified information on its private e-mail server.

Asked on CNN’s” States of the Union “or is she an interview by the FBI still, the former foreign minister replied: “No. “

She has not spread.

Federal investigators are looking into the safety of setup email Clinton amid concern the intelligence of the Inspector General that classified information transmitted by the system. Clinton provided the server to the FBI in August.

Clinton said they did not send or receive information classified at the time via her personal email account.

UK Home Secretary defends controversial surveillance bill, says it will stop cyberbullies

 

Privacy advocates and technology companies talk loudly against the UKA ???? new surveillance bill, but the Landa ???? s Home Secretary, Theresa May, said thereâ ???? is no reason to worry. In a letter sent by the Times, May, says the inquiry Powers Bill, if itâ ???? is called, will not ???? t will be to use only for spying citizens. On the contrary, ???? ita ll help locate online bullying and trolling.

China says tech firms have nothing to fear from anti-terror law

 

China says tech firms have nothing to fear from anti-terror law

The law draft anti-terrorism cause concern in Western capitals as the technology companies may need to “agter Deure” install products or deliver sensitive information such as cryptographic keys to the government.

The law is currently busy with another reading at the last meeting of the standing committee of China’s largely rubber-stamp parliament, the National People’s Congress, which ends on Sunday.

This week, the US State Department said it had expressed “grave concern” about the law that China would do more harm than good to the threat of terrorism.

Chinese Foreign Ministry spokesman Hong Lei said he was “dissatisfied” with the US position and hoped they respected China law process and does not take “double standard.”

China faced a serious threat of terrorism and what is needed to improve its legal framework to deal with the problem, Hong added.

“What we do is reasonable and fair,” he said.

Terrorists have already operated with the help of the Internet and China to necessary laws with this, Hong added.

“While the wording of the law, to the laws of other countries, including the United States, we refer,” he said, pointing to the US Communications Assistance for Law Enforcement Act, an eavesdropping law.

“The concept of our anti-terrorism legislation requires the obligation of telecommunications operators, Internet servers and providers to help stop public and state security organ and investigating terrorist activities,” Hong added.

“It is both entirely rational and necessary. This rule will not restrict the legitimate business activity, not a ‘backdoor’ and freedom of speech will not be the companies do not affect Internet intellectual property. “

Officials in Washington argued the law, coupled with a new concept banking and insurance regulations and a host of anti-trust investigation, unfair regulatory pressures focus foreign companies.

China in July, the national security law, all major network infrastructure and requires information systems “secure and verifiable” be.

The US also said the new law may restrict freedom of expression and association.

Hong said China pays great attention to the relationship between fighting terrorism and protecting the human rights and will ensure people’s rights are protected.

Officials say China faces a growing threat from militant and independence, particularly in the unruly western region of Xinjiang, where hundreds died in violence in recent years.

The law groups, though, doubt the existence of a coherent militant group in Xinjiang, saying the unrest stems mostly from anger among the region’s Muslim Uighur people about restrictions on their religion and culture.

(Reporting by Ben Blanchard; Editing by Nick Macfie)