Adviser triumphs with Money Boomerang ad ban

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A regulator has told Money Boomerang to remove exaggerated pay out claims from its adverts for mortgage mis-selling claims.

The ruling came after a mortgage adviser complained the TV advert, which promised settlements from £1,000 to more than £10,000, was misleading. The Advertising Standards Authority said it had not seen evidence to support the pay outs promised: “We concluded the advertising claims that consumers could have claims ‘worth tens of thousands of pounds’ or that settlements could vary ‘from £1,000 to £10,000+’ were misleading and had not been substantiated.” The regulator told Money Boomerang the advert could not appear again in the same form and they should not make claims for which it did ...

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