Meta, TikTok, Google face EU complaints claiming failure to curb financial scams
( May 21, 2026, 04:01 GMT | Official Statement) -- MLex Summary: Meta Platforms, TikTok and Google have been accused of failing to stop fraudulent financial ads on their platforms in breach of the EU's Digital Services Act. The European Consumer Organization, known as BEUC, and 29 consumer groups have filed complaints and cite research showing that only 27 percent of nearly 900 suspected scam ads reported between December 2025 and March 2026 were removed.The report and the press release are attached....
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