As a response to the growing demand for restrictions against payday loans, Google has announced its ban on ads related to predatory lending practices. Other Silicon Valley titans like Facebook has already made a similar restriction on loans designed to push people deeper into the debt trap.
At the annual economic symposium in Jackson Hole, Wyo. Janet Yellen, the chairwoman of the U.S. Federal Reserve said that a further increase in short-term interest rates would depend on the labor market.
