This article is reproduced from the IT House, the news of the IT House on March 18 that Internet lending has welcomed new regulations, this time directly targeting consumer loans for college students. #花呗借呗不向大学生放款# topic has also been hotly searched on Weibo.
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" (hereinafter referred to as the "Notice"). The "Notice" was jointly issued by the General Office of the China Banking and Insurance Regulatory Commission, the Secretariat of the Central Cyberspace Affairs Office, the General Office of the Ministry of Education, the General Office of the Ministry of Public Security, and the General Office of the People's Bank of China recently.
IT Home is informed that the "Notice" pointed out that recently, some microfinance companies have targeted university campuses and conducted inductive marketing through cooperation with technology companies, and issued Internet consumer loans for college students to induce excessive consumption of college students. , Causing some college students to fall into the trap of high loans, infringing on their legal rights and causing bad social impact. In order to regulate and rectify the chaos of college students’ Internet consumer loans as soon as possible, it is necessary to issue the "Notice" as soon as possible, focusing on college students’ Internet consumer loans business, further strengthening customer marketing management and risk prevention requirements for lending institutions, and strengthening education, guidance and assistance for college students Intensify efforts to rationally guide online public opinion, increase efforts to crack down on illegal and criminal acts, resolutely curb the phenomenon of precise “harvesting” of college students on Internet platforms, and earnestly safeguard the legitimate rights and interests of students.
The "Notice" further regulates the supervision and management of college students' Internet consumer loans from the following four aspects.
The first is to strengthen the supervision and management of the Internet consumer loan business for college students in lending institutions. It is clarified that microfinance companies are not allowed to issue Internet consumer loans to college students, further strengthen the risk management requirements of consumer finance companies, commercial banks and other licensed financial institutions for college students’ Internet consumer loan business, and clarify that institutions established without the approval of the regulatory authorities shall not provide credit to college students service. At the same time, organize local deployments to carry out the supervision and inspection of the Internet consumer loan business for college students, as well as the investigation and rectification work.
The second is to increase education, guidance and assistance to college students. From the aspects of improving the awareness of financial security of college students, improving the working mechanism of assistance and assistance, comprehensively guiding the establishment of correct consumption concepts, and establishing a daily monitoring mechanism, colleges and universities are required to take the main responsibility of student management.
The third is to do a good job of public opinion interpretation and guidance. Instruct all localities to conduct online interpretation and public opinion guidance on regulating the supervision and management policies of college students’ Internet consumer loans.
The fourth is to intensify the investigation and punishment of illegal crimes in the Internet consumer loan business for college students.
According to Jiemian News, the outside world is no stranger to microfinance companies providing credit services. Many products have been integrated into the lives of the general public, such as Alipay’s Lianbei and Huabei products. The operating companies behind them are Chongqing Ant Shangcheng Microfinance. Co., Ltd. and Chongqing Ant Small and Micro Loan Co., Ltd., while companies such as Baidu, Jingdong and Meituan also have Duxiaoman Microfinance Co., Ltd., Chongqing Jingdong Tongying Microfinance Co., Ltd. and Chongqing Meituan Sankuaixiao Amount Loan Co., Ltd.
For the Internet consumer loans issued by college students, the "Notice" stipulates that, first, small loan companies are required to formulate a rectification plan. In principle, the loans that have been issued will not be extended, and the existing business will be gradually digested, and new business in violation of regulations is strictly prohibited. The second is to require banking financial institutions to strengthen investigations, rectify illegal businesses within a time limit, and strictly implement risk management requirements.