Regulators blacklist a ‘faker’s dozen’ of unauthorised debt advisers

Industry News | 18/09/20

Google is still making thousands of pounds from unregulated advertisers mimicking legitimate charities and offering to write off people’s debts, nearly a year on from introducing new guidelines which it said would help ‘stamp out’ the practice.

Charities and registered insolvency practitioners say the advertising giant ‘ignored complaints’ about misleading adverts and often took over a week to take down copycat adverts. It comes as the Financial Conduct Authority has blacklisted a ‘faker’s dozen’ of 13 bogus and unregulated debt advice websites since April, 11 of which impersonated either StepChange Debt Charity or National Debtline.

Source: ThisIsMoney