Despite stricter rules, predatory loan apps are still available for download from the Google Play Store. These apps target and harass financially vulnerable people, lending small amounts of money with high interest rates. They use tricks like extortion and threaten to distribute fake pornographic or incriminating photos if payments are not made. User data is also shared with other similar apps. Google acknowledges the issue and takes down predatory loan apps regularly, committing to a safe platform for Android users and collaborating with authorities in ongoing investigations.
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Over a dozen predatory loan apps available on Google Play store despite stricter rules: Report
Despite stricter rules, predatory loan apps are still available for download from the Google Play Store. These apps target and harass financially vulnerable people, lending small amounts of money with high interest rates. They use tricks like extortion and threaten to distribute fake pornographic or incriminating photos if payments are not made. User data is also shared with other similar apps. Google acknowledges the issue and takes down predatory loan apps regularly, committing to a safe platform for Android users and collaborating with authorities in ongoing investigations.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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