Facebook to block housing, job and bank ads that are age, gender specific

Facebook will overhaul its ad-targeting systems to prevent discrimination in housing , credit and employment ads as part of a legal settlement.

For the social network, that’s one major legal problem down, several to go, including government investigations in the U.S. and Europe over its data and privacy practices.

The changes to Facebook’s advertising methods which generate most of the company’s enormous profits are unprecedented. The social network says it will no longer allow housing, employment or credit ads that target people by age, gender or zip code. Facebook will also limit other targeting options so these ads don’t exclude people on the basis of race, ethnicity and other legally protected categories in the U.S., including national origin and sexual orientation.