Most SEOs and Webmasters have been waiting for a major algorithm update in May 2014 and we’ve just seen the release of the Payday Loan Algorithm, which targets “Very spammy queries”.

Google has confirmed that they have released a new Payday Loan Algorithm 2.0 over the weekend. This update is unrelated to the Panda or Penguin algorithms.

Matt Cutts, Head of Google Web Spam team, confirmed this through a tweet:

Matt Cutts Twitter

The Payday Loan Algorithm is specifically targeted at “very spammy queries” and is an international rollout which affects different languages to different degrees. The update impacts English queries by about 0.2%.

Have you noticed any impact on your rankings as a result of this update?

Reference: Search Engine Land