Disguised "cash loan" business change weight vest to guard against the risk of mutual Guild announced remind

Chinese Internet Finance Association (the "Association of Mutual Gold") today released tips for preventing disguised "cash loan" business risk, said, according to a recent monitoring found, now there are still some institutions or platforms "to change into vest", mobile phone and leaseback, false resell shopping and other forms of disguise continues to make loans, and some are still in the process of the loan disguised by forcibly tying member services and commodities ramping。Particularly harsh was found that a small number of platforms intentional infliction borrower fails to form a charge exorbitant late fees, finance seriously against the interests of consumers。  In this regard, mutual Guild reminders and calls on Member units and related agencies should compliance operation, without obtaining business lending agency business qualifications, and shall not conduct any form of disguised loans; lending agencies have the legal qualification should adhere to industry It requires self-discipline, initiative to strengthen internal management, adhere to the development of compliance, prudent operation。  Mutual Gold Association, said consumers should be vigilant and careful selection mechanism or platform services to provide loans, loan rational handling。Lending institutions have found not qualified to carry out illegal loans, consumers should report to the financial regulatory authorities or China Internet Association, of which the alleged crimes, should be promptly reported to the public security agency。  The following tips full text of risk: Tips for prevention in disguise "cash loan" business risk since last year, the country's financial regulators have issued "business", "on regulating rectify" cash loans (renovation Office letter No. [2017] 141), " notice on Regulating private credit maintenance related matters economic and financial order "(silver Bao Jian Fa [2018] No. 10) and other documents, defined the standard" cash loan "management requirements such as network lending practices, and strengthen the" cash loan "business regulatory and gradually defuse the risk of its formation, maintain social stability of the financial order。But according to a recent monitoring found that now there are still some institutions or platforms "to change into vest" to lease back the phone, and then sold fake shopping and other forms of disguise continues to make loans, and some are still forced loan process by tying member services and commodities disguised way to raise。Particularly harsh was found that a small number of platforms intentional infliction borrower fails to form a charge exorbitant late fees, finance seriously against the interests of consumers。To this end, China Internet Association strongly advise Member financial institutions and microfinance services to provide network-related agencies should abide by the requirements of self-discipline, adhere to the development of compliance, prudent operation, consumers should be vigilant and prudent choice to provide loans and services agency or platform, rational handling loans。  Chinese Internet Finance Association called on the member units and relevant institutions should compliance operation, without obtaining agency business lending business qualifications, and shall not in any form of disguise to carry out lending operations; agencies have the legal lending qualifications should adhere to industry self-regulatory requirements, the initiative strengthen internal management, loans should be consistent with national laws and regulations and policy requirements to eliminate any disguise to raise interest rates, late fees charged malicious violations。At the same time consumer education should earnestly fulfill financial obligations faithfully carry out information disclosure on pricing Highlights interest expenses, not false propaganda to induce consumers to accept the financial risk perception and its repayment capacity of incompatible products and services。  Please consumers to strengthen the financial knowledge and learning, to enhance self-protection awareness, carefully read the terms of the contract should buy related products and services, retained evidence, the legitimate rights and interests suffered damage may claim rights and interests through legal means; if found does not have the qualifications to lend illegal conduct lending institutions, consumers should report to the financial regulatory authorities or China Internet Association, of which the alleged crimes, should be promptly reported to the public security agency。