A Wonga advert has been banned for featuring dialogue between two puppets which suggested the APR on its loans was "irrelevant." The characters instead focussed on the cost of paying back a short-term
loan on time, rather than the annual interest rate. The ASA responded to complaints, banning the advert and reminding Wonga that is has a duty not to encourage the public to dismiss the APR on its
loans which can be more than 5,000%.
Read the whole story at The Guardian »