A car finance company have taken measures to improve and alter its online advertising following a warning from the OFT (Office of Fair Trading.) The OFT regulates businesses, and warns or fines those who infringe laws.

The OFT jumped on Internet advertising by the company Nationwide Car Contracts Limited, who apparently breached legislation that is designed to protect consumers in the UK. A set of legislation exists that governs how finance companies operate, and Nationwide CCL failed to provide typical APR interest rates on their loans.

According to the OFT, this breached Consumer Credit Regulations, and Nationwide agreed to change their ads in the future . APR interest rate is an important figure to follow when comparing loans as a consumer, because it most clearly indicates the overall cost of the loan .