FAS INITIATED A CASE AGAINST ROSBANK ON THE GROUNDS OF VIOLATION OF ADVERTISING LEGISLATION

The authority revealed signs of a violation in the advertising campaign of the bank's financial services

Earlier, FAS Russia received a citizen's complaint about the advertising of a credit card of Rosbank PJSC on a roller display in Moscow.

It indicated in large print information attractive to the consumer about the absence of a monthly loan payment. However, data on other conditions affecting the cost of the loan and the possibility of obtaining a grace period (amount, term, condition for concluding an insurance contract, etc.) were placed in an explanatory footnote in a hard-to-read font, and the advertisement was broadcast for a short time. Thus, consumers received incomplete information about all the conditions that determine the cost of the loan.

FAS Russia will evaluate the bank's advertising for violations of the law. In case of finding fault, Rosbank PJSC faces liability in accordance with the Law on Advertising*.

For reference:

* Part 3 of Article 28, Part 7 of Article 5 of the Federal Law No. 38-FZ of 13.03.2006 "On Advertising"