“Subterfuge is as core to the payday lenders’ business model as is trapping borrowers in a cycle of debt,” said Diane Standaert, director of state policy at the Center for Responsible Lending. In late September, American Banker sent screenshots of payday ads found on Google to the Mountain View, Calif.-based company. After an internal review, a Google spokeswoman said that the ads in question violated the company’s policy.
