Home
Fintech
Payday Lenders Taking Advantage of Consumers During Pandemic

Payday Lenders Taking Advantage of Consumers During Pandemic

·
FintechUSA
··1 min read

Recent research suggests that payday lenders are marketing directly to consumers who are seeking financial help due to the pandemic; both Google and Facebook have been removing ads and blocking companies on their platforms; some lenders are advertising that consumers can cash their stimulus checks and receive the funds in minutes, all for a fee; rates on payday loans were as high as 521% in one example; in some cases the ads weren’t directly advertising loans but the ads directed to a page which subsequently offered payday loans; the WSJ digs further into the current state of the payday lending industry. The Wall Street Journal

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

    View all posts