The supervision department of microfinance companies suspended the establishment of new online (Internet) microfinance companies, and suspended a new batch of microfinance companies to carry out microfinance business across provinces (autonomous regions and municipalities). If the preparatory establishment has been approved, the approval for opening the business shall be suspended. The examination and approval department of a small loan company shall comply with the provisions of relevant documents of the State Council. For approved institutions that do not meet the relevant provisions, their business qualifications should be re-examined.
For small loan companies that exceed the prescribed proportion, a scale reduction plan should be formulated to meet the relevant proportion requirements within a time limit, and the supervision department of the small loan company will supervise the implementation. The supervision departments of small loan companies in all provinces (autonomous regions and municipalities) are responsible for the rectification of online small loans. The central financial supervision department will formulate and issue the implementation plan for the special rectification of network microfinance risks, and further refine the relevant work requirements.
Extended data:
Precautions:
1. Lending business that does not meet the relevant interest rate provisions of the law shall not be matched or matched in disguise. Interest, handling fee, management fee and deposit shall not be deducted from the loan principal in advance, and high overdue interest, late payment fee and penalty interest shall not be set.
2. Core work such as customer information collection, screening, credit evaluation and account opening shall not be outsourced.
3. Do not match the funds of banking financial institutions to participate in P2P peer-to-peer lending.
4. It is not allowed to provide loan matching business for students in school, borrowers with no repayment sources or repayment ability. It is not allowed to provide home purchase financing and loan matching services such as down payment loans and real estate fund-raising in different places. Do not provide loan matching business without specific purpose.
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