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Cash loan industry and then on the "magic spell" mutual trust Association: No "card" agency should establish ...

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    2017-11-27 16:14
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    Posted by 2017-11-27 16:15:35 | Show all floors |Reading mode
        Following the issuance of small loan network is suspendedCash loan industry on the "magic spell"
      On November 24, China Internet Finance Association (hereinafter referred to as the "Mutual Alloys Association") issued a warning on the risk of small network loans, saying that the recent provision of small cash loan services to individuals via the Internet has rapidly increased some of these institutions do not have the qualifications to lend and exist in error The spread of such activities as attracting customers, violently collecting money, and charging super-high interest and fees easily led to financial risks and social problems in some areas that disrupted economic and social order.
    Mutual Fund saidRelevant agencies should strictly abide by the law, the bottom line does not have the qualifications of loans should immediately stop illegal lending behavior.
    industryAnalysts thinkAt present, China's market-oriented credit system has not yet established debt between the network credit industry data has not been shared, resulting in the industry's overall risk control ability is weak. At the same time the establishment of risk control system costly and time-consuming high net credit agencies can only seek stronger wind control agencies to cooperate.
    Late or cash lenders shutting down the tide
    RecentlyNational Internet Financial Security Technical Committee released the "22nd Week of the National Internet Financial Sunshine Program - Report on the Development of China's Cash Loan" (hereinafter referred to as the report).
    The report showsAs of November 19, the National Internet Financial Risk Analysis Technology Platform has found more than 2,000 cash lending platforms under operation. The platform utilizes the website, WeChat public account and APP to operate cash loan business. Among them, the platform for engaging in cash loan business through websites 1044 Platforms engaged in cash loan business through WeChat 860 Platforms engaged in cash loan business through mobile APP 429 Family.
    Mutual Society tipsDo not have the qualification for the loan should immediately stop the illegal lending behavior With the legal qualification for the loan should take the initiative to strengthen self-discipline Reasonable pricing Ensure the interest fee pricing in line with relevant state laws and regulations.
    Fang Song, president of Guangzhou Internet Finance Association believesAt present, everyone is performing according to the "red line" standard of 36% of annual interest rate as interpreted by the Supreme People's Court judicially. However, the financial authorities have actually failed to promulgate these regulations. "Therefore, it is better to use industry-wide self-regulation such a large organization to take the lead to clarify the rules and to implement the industry's norms and standards."
    ProfessionalsSaidThis will speed up the phase-out of some non-licensed and non-controlling cash-credit institutions. However, this may not prompt the industry to translate into compliance because the regulatory toughening will reduce the risk control ability and will only make part of the cash lending business difficult. It is difficult for them to reverse such a situation in the late period or a wave of cash lending institutions.
    Wind control must be based on the credit system
    The current cash lending platformThere is a strong dependence on third-party credit reference data. The problem of cash credit risk control model is almost no threshold to do long-term collection to do the core risk control measures. In fact, the prior audit is the most important, but the general cash lending platform is not so capable of doing their own risk control. Now onlyThis felt the stones across the riverSlowly to solve either the central bank lead the credit system to everyone really set up or is to selectively send some licenses along with the missing part of the establishment.

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