The China Banking Regulatory Commission recently replied that the China Banking Regulatory Commission was comprehensively suspended from the issue of "strengthening the management of online loan platforms" proposed by the "Leading Board" of the People's Daily Online.
According to the surging news report, the China Banking Regulatory Commission stated that in response to the problems existing in some small loan companies in the online small loan business, the China Banking Regulatory Commission organized local financial regulatory departmentsStop new online small loan employees.The small loan company is required to reasonably determine the loan amount and period according to factors such as the borrower's income level, overall liabilities, asset status, and actual needs, so that the borrower's repayment amount does not exceed its repayment capacity, and prevents the borrower from excessive debt.
"At the same time, focus on chaos in the fields of campus loans, together with the Ministry of Education and the Central Cyberspace Office and other departments to strengthen the rectification and standardized management of college students' Internet consumption loans, which are clearly stipulated.Institutions that are not approved by the regulatory authorities shall not provide credit services to students in schools; licensed financial institutions must substantially review and identify students' identity and real loans when issuing Internet consumer loans to students in schools. "Relevant regulatory systems, promote the standardized operation of the online small loan industry, and protect the legitimate rights and interests of consumers.
In the reply, the China Banking Regulatory Commission also said that it attaches great importance to regulating the development of the Internet loan business of commercial banks, and has printed and issued documents such as the interim method of Internet loan management of commercial banks.Consumer personal credit loan credit setting limit is limited to prevent the rapid increase of risks of personal leverage rates in residents, and propose supervision requirements in terms of fund use, loan payment, risk data and models, and consumer rights protection.At the same time, the management responsibilities of cooperative institutions are compacted from the bank, and commercial banks are required to strictly enter the management of cooperation agencies, clarify the content of cooperation agreements, strengthen the disclosure of cooperative product information, and fulfill the responsibility of loan management subjects, etc., and effectively protect the legitimate rights and interests of financial consumers.
As early as November 2017, the Office of the Leading Group of the Internet Financial Risk Special Rectification Work issued a notice from the province (autonomous region, municipality) to the rectification office of the provinces (autonomous regions, municipalities).The regulatory departments of small loan companies at all levels are required not to set up a new network (Internet) small loan company from now on, and prohibit small loan companies from operating across regions, intending to block the risk of "cash loan".
Regarding the supervision of the small loan loan business of a small loan company, the China Banking Regulatory Commission and the People's Bank of China have publicly solicited opinions on the temporary measures (drafts of comments) in the interim method (draft for comments) in the online small loan business in November 2020.Focusing on the definition and regulatory system of online small loan business, regulating business business rules, and urging small loan companies to operate small loan companies in online small loan business to strengthen business management.
