Google bans borrowing Android apps it considers harmful from the Play Store

After suspending the face-buying program after accusations of exploiting the homeless, people are now cash-strapped and willing to accept very unfavorable conditions to get what the American company wants to defend. Indeed, the Wall Street Journal tells us: Google bans apps that offer personal loans from the Play Store described as “misleading or harmful”.

Limitation in scope of protection

Concretely, this means loans in the United States, as well as more than 36% per annum in the United States. short-term personal loansrequiring a full refund in 60 days or less. In addition, the company requires that the maximum annual rate of return is clearly stated.

Of course, at first glance, this prohibition seems commendable and beneficial to customers. However, the power a company uses over market players in this case, Google, and the ban raises the question of its legitimacy. specific applicationsthat we remember not illegal. What would your reaction be if tomorrow the merchant around the corner decided not to sell this or a product anymore just because he thought it was unethical?

A question raised by Mary Jackson, CEO of the Online Lenders Association, as a reminder that these loans are perfectly legal. He adds that Google’s unilateral decision to ban them from the Play Store hurts “legal operators” and customers seeking “legal credit”. Let’s hope, then, that the decision by Google did not encourage people to eventually turn to other forms of financing that are just as “immoral” but also illegal.

Source : wall street diary