The Federal Antimonopoly Service opened the first case for violation of new rules on loan advertising. The attention of the FAS was drawn to an advertisement by Pochta Bank, which allegedly indicated an incomplete cost of the loan.
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The FAS press service clarified that the organization received a complaint about advertising displayed on public transport in Moscow and the region.
The advertisement stated in large, clear print the information about the 4% interest rate on the loan. However, the announcement did not provide any data on the range of the total loan cost (FLC).
“However, information about other conditions affecting the cost of the loan was placed in an explanatory footnote in a font that is difficult to read,” explains the service’s message, indicating that in this way consumers received incomplete information about the conditions that determine the cost. of the loan.
In connection with the complaint, a case was opened against Pochta Bank for violating the advertising law. As the newspaper notes, this is the first case against a credit institution after new advertising requirements came into force.
In October last year, new rules for advertising banking products came into force. According to the changes, credit institutions must now display data in the PSC. These are the annual interest and payments to the bank, including insurance, SMS notifications and everything provided for in the contract.
For legal entities that violate the requirements, fines range from 300 thousand rubles to 800 thousand rubles. Penalties for officials range from 20,000 to 50,000 rubles.
Author:
Natalia Gormaleva
Source: RB
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.
