China’s TikTok Floods America with Ads for Predatory Payday Loan Companies
Advertisers on Chinese-owned TikTok are reportedly using underhanded tactics to promote payday loans that experts say could violate deceptive advertising laws. One expert commented on the ads flooding the platform massively popular with teenagers, saying, “At best, these videos are designed to make you give up information that you shouldn’t that will result in more solicitations. At worst, this is a complete scam designed either to take your money or information for fraudulent purposes.”