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A UK charity organization Charity Action says that ads being displayed on Facebook are violating rules laid down by the Office of Fair Trading(OFT).

Adverts for loans and credit cards on Facebook are flouting advertising standards, according to a statement.
According to Charity Action:

What you may not have realized is that many of these ads are breaking the law. There are strict rules on how credit can be advertised in the UK, and a lot of these do not measure up.

The charity has started a campaign to encourage Facebook users to report advertising that breaks the rules.

If you have been on Facebook recently, you cannot have missed the ads for ‘payday loans’ and credit cards.

the charity said.

Some of the violations include showing the annual percentage rate of loans, and the name of the company offering the package.

Charity Action named Payday, Payday Advance UK and My Payday Online as the worst offenders.

The charity has stared a Facebook group called Debt can seriously cramp your style to advise and coordinate the campaign. Over 150 people have already signed up.