Misleading financial ads face fine of EUR 2 million

16th May 2008, Comments 0 comments

Dutch finance ministry has increased the fines for credit companies and mortgage lenders using misleading or false advertising to EUR 2 million.

16 May 2008

THE NETHERLANDS - The Dutch Ministry of Finance is increasing the fines for credit companies and mortgage lenders using misleading or false advertising.

Companies found guilty can be fined a maximum of EUR 2 million.

The ministry commented that the previous maximum fine, EUR 450,000, does not seem to have made an impression on the financial sector.

The ministry also noted that neighbouring countries have much higher fines for misleading advertising.

[Radio Netherlands / Expatica]

We invite you to contribute to this article by sending related photos or videos. You can either send them to photos@expatica.com or add them to our newly-created flickr group at http://www.flickr.com/people/expatica/. All contributed material will be credited accordingly.

0 Comments To This Article