FAS filed a case against Rosbank for violating the advertising law. The bank published an advertisement for an “interest-free” credit card on its Telegram channel, but the terms of use of this card contained restrictions.

FAS filed a lawsuit against Rosbank for violating the advertising law

The Federal Antimonopoly Service opened a case against Rosbank for violation of advertising legislation. This was reported by the FAS press service on the department’s official telegram channel.

The Bank of Russia saw a sign of violation of the advertising law by Rosbank and contacted the FAS. An advertisement for a credit card was published on Rosbank’s Telegram channel with information about the lack of interest, “120 days on a credit card for purchases and cash.”

“However, the conditions of use of the credit card contained limits on the amount for free purchases and transfers,” the FAS said.

If a violation of the advertising law is determined, Rosbank will be administratively liable.

Author:

Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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