A purported class action filed last week in the U.S. District Court for the Northern District of California, accuses Facebook of discriminating against women and individuals over 40 who were denied advertisements and information about certain financial services opportunities, including those for bank accounts, insurance, and investing.

According to the complaint, Facebook encourages financial

Only a few months have passed since the U.S. Department of Housing and Urban Development filed a charge of discrimination against Facebook, alleging that the ad-targeting techniques used to determine which users would see advertising related to housing and housing-related service (like mortgage loans) were based on protected characteristics and “close proxies” for those

According to a Wall Street Journal report, Facebook has agreed to remove age, gender, and zip code targeting for housing, employment, and credit-related advertisements as part of a settlement of a lawsuit filed by the National Fair Housing Alliance, the Communications Workers of America, and other plaintiffs.

While Facebook reportedly did not permit advertisers

The CFPB has announced the settlement of an enforcement action against a California-based mortgage lender for alleged deceptive advertising practices, including the use of advertisements that the CFPB claimed falsely led consumers to believe that the company was affiliated with the U.S. government.  The consent order requires the lender to pay a civil penalty of

We previously reported that the Bureau had sent warning letters to many mortgage originators and brokers chastising them about certain advertising practices.  Yesterday, at the ABA Consumer Financial Services Committee meeting, Chris Peterson (a policy analyst in the Bureau’s enforcement division) mentioned during his presentation that the Bureau has launched investigations of some recipients of

Nathan Newman, from an organization called Tech Progress, posted recently on Huffington Post calling for the CFPB to regulate online advertising.  I spend a lot of time working on financial services online advertising issues, so this caught my eye (and also because it was highlighted in yesterday’s Consumer Bankers Association’s SmartBrief).

Newman posits that