Facebook Makes Changes to Housing, Employment, and Credit Ads

searchenginejournal | August 27, 2019

Facebook is requiring that advertisers use a new process when buying ads related to housing, employment, and credit. This new process applies to advertisers who are either based in the United States or using ads to reach US-based audiences. Housing, employment, and credit are considered special ad categories and now have restricted targeting options in Ads Manager. Advertisers who are in or want to reach people in the US must now select the corresponding Special Ad Category in Ads Manager when buying ads that offer housing, employment or credit opportunities. Failure to select one of those categories will result in the ad not being shown. Facebook will enforce these changes using a mostly automated review process that’s supported by human reviewers. Further, advertisers using special ad categories will no longer be able to access Lookalike Audiences. Advertisers can instead create a “special ad audience,” which is based on similarities in audience behavior with considering things like age, gender, or ZIP code.

Spotlight

Our Client is a multinational banking corporation that operates a  network of more than 500 offices, in 19 countries in Asia Pacific, Western Europe, and North America.

As a result of the economic downturn brought on by the Covid-19 pandemic, many financial institutions shifted their investment strategies to focus more heavily on digital advertising. This led to a significant increase in competition on platforms such as Google, Facebook, TikTok, and Line, which in turn drove up customer acquisition costs for banks. Our client's marketing team was struggling to keep up with these rising costs and maintain profit margins.

Spotlight

Our Client is a multinational banking corporation that operates a  network of more than 500 offices, in 19 countries in Asia Pacific, Western Europe, and North America.

As a result of the economic downturn brought on by the Covid-19 pandemic, many financial institutions shifted their investment strategies to focus more heavily on digital advertising. This led to a significant increase in competition on platforms such as Google, Facebook, TikTok, and Line, which in turn drove up customer acquisition costs for banks. Our client's marketing team was struggling to keep up with these rising costs and maintain profit margins.

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