Google to place global ban on payday loan adverts from July

Company pledges to block 'harmful' ads but move will not cover car, commercial or student loans, mortgages or credit cards

Google has said it will ban ads for payday loans because they can be "deceptive or harmful".

The ban, which will come into force globally from 13 July, will cover loans that can be due within 60 days and, in the US, loans that carry an annual interest rate of 36% or higher.