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California’s DBO targets pay day loan providers, insurance firms an assistance that is small the the search engines
Why it things
The Ca Department of company Oversight (DBO) announced a brand new initiative concentrated regarding the marketing of payday loan providers during the intersection of Hollywood and Silicon Valley. Centered on DBO Commissioner Jan Lynn Owen, unlicensed online payday lenders are “one of the very most exceptionally customer that is significant threats” within their state, leading her workplace to get results alongside major the search engines such as for instance Bing, Microsoft, and Yahoo to restrict the lenders’ internet marketing.
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