taggit Summary
Google on Thursday said it had removed some personal loan apps from its application store after reviewing hundreds of such apps for violation of user safety policies. The apps that were found to violate our user safety policies were immediately removed from the Store, and we have asked the developers of the remaining identified apps to demonstrate that they comply with applicable local laws and regulations,” Suzanne Frey, vice-president, Product, Android Security and Privacy, said in a blog post.“Personal loan apps have received attention recently, and we wanted to clarify the action we have taken on these apps on Google Play,” she said. The Google Play Developer Policy required financial services apps that offered personal loans to disclose key information such as the minimum and maximum periods of repayment, the maximum Annual Percentage Rate, and a representative example of the total loan cost, she said.