Fintech Faces FCA Probe Over Fake Data In Valentine Ads

Law360, London (February 11, 2019, 5:28 PM GMT) -- A digital banking company faces scrutiny by the Financial Conduct Authority after a series of complaints were made to the advertising watchdog about the use of fictitious consumer data in a “singles-shaming” ad campaign run on the London Underground rail network.

The Advertising Standards Authority has passed on complaints made about the recent subway campaign by Revolut, a financial technology company, to the City regulator. The adverts claimed to have used genuine statistics to poke fun at singles in the run-up to Valentine’s Day on Feb. 14. It had in fact made up the figures.

One of Revolut’s adverts read, “To...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!