Facebook Updates Rules on Financial Products

(Facebook Updates Its Policy On Regulated Financial Products)

(Facebook Updates Its Policy On Regulated Financial Products)

June 3, 2024 – Facebook announced new rules for ads about financial products. The company wants to stop misleading ads. These new rules start today. They affect ads for things like crypto, loans, and stocks. Advertisers must follow stricter guidelines now. They need government approval before running some ads. This approval must come from a regulator. Facebook explained the change. It aims to protect users. People sometimes lose money from bad financial ads. The company faced criticism before. Some ads offered unrealistic profits. Other ads promoted risky investments. Facebook wants a safer platform. The new policy covers many financial services. It includes investment opportunities and money management tools. Advertisers must prove they have permission. They must show they follow the law. Facebook will check ads more carefully. Ads that break the rules will be removed. Repeat offenders might lose ad privileges. The company stated its commitment to user safety. It mentioned previous efforts against scam ads. This update builds on those efforts. It specifically targets regulated financial offers. Facebook hopes this reduces fraud. Users should see fewer harmful ads. Advertisers must review the new requirements. They apply globally.