Huabei cannot lend money to college students

#How does it look like college students’ loan consumption? [Regulatory documents to regulate college students’ Internet consumer loans #花呗 pattern, no to university students’ loans#] On March 17, the China Banking and Insurance Regulatory Commission issued the “Notice on Further Regulating the Supervision and Administration of College Students’ Internet Consumer Loans” on the official website of China Banking and Insurance Regulatory Commission. The “Notice” pointed out that recently, some microfinance companies have targeted university campuses and conducted inductive marketing through cooperation with technology companies. They issued Internet consumer loans for college students, tempting college students to over-expend consumption, causing some college students to fall into The trap of high-value loans infringes upon their legal rights and causes bad social effects.
The “Notice” clarifies that microfinance companies are not allowed to issue Internet consumer loans to college students, further strengthens the risk management of consumer finance companies, commercial banks and other licensed financial institutions for college students’ Internet consumer loan business, and clarifies that institutions established without the approval of the regulatory authorities shall not be college students Provide credit services. At the same time, organize local deployments to carry out supervision, inspection, investigation and rectification of the Internet consumer loan business for college students. O Supervise and issue documents to regulate college students’ Internet consumer loans Huabei borrowing can’t lend to college students Collapse the full text d

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On March 17, the official website of the China Banking and Insurance Regulatory Commission issued the “Notice on Further Regulating the Supervision and Administration of Internet Consumer Loans for College Students”. The “Notice” pointed out that recently, some microfinance companies have targeted university campuses and conducted inductive marketing through cooperation with technology companies. They issued Internet consumer loans for college students, tempting college students to over-expend consumption, causing some college students to fall into The trap of high-value loans infringes upon their legal rights and causes bad social effects.

In fact, this is the third time the regulation has restricted the college student loan market. The first occurred in 2009, when the former China Banking Regulatory Commission issued the “Notice on Further Regulating Credit Card Business”. At that time, the hot student credit card market ceased, and most banks stopped their student credit card business. The resurgence of the college student loan market began in 2014. Online loan platforms such as P2P platforms and Fun Instalment began to promote and market loans to universities on a large scale, which was the “campus loan” at that time. In 2016, the supervision banned the “campus loan” for the second time. .

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