What signals does the cover guide of online loan letter reveal?

On August 25th, the Guidelines on Information Disclosure of Information Intermediaries in Personal-to-Personal Lending (hereinafter referred to as the Guidelines) was issued. At this point, the regulatory framework of "one law and three guidelines" for online lending platform has been basically completed, which indicates that the industry has taken another important step towards compliance development.

Previously, the standards for information disclosure were relatively broad. On May 15 this year, the China Banking Regulatory Commission issued the Notice on the Legislative Work Plan for 20 17 in official website, proposing 46 pieces of legislation during the year, including the Guiding Opinions on the Management of Internet Microfinance, the Guidance on Information Disclosure of Peer-to-Peer Lending Information Intermediaries and many other new regulations related to peer-to-peer lending.

According to Article 8 of the Guidelines, information intermediaries in peer-to-peer lending should disclose to the public the amount and times of transactions overdue for more than 90 days (excluding).

Regarding the statistical caliber of overdue data, the amount and quantity of overdue data are more than 90 days (excluding). Lou Xiaoan, CEO of Jia Pomegranate, pointed out that according to the five-level classification of loan quality required by the central bank by commercial banks according to the borrower's actual repayment ability, loans overdue for more than 90 days are classified as Grade II and above, which are non-performing loans. "The CBRC requires the online lending platform to disclose the amount and quantity of online loans overdue for more than 90 days, indicating that the regulatory authorities have the same risk identification standards for online loans and bank credit." Lu Xiaoan pointed out.

Yang Dong, deputy dean of the Law School of Renmin University of China, pointed out that the disclosure of "the amount overdue for more than 90 days" is the same as that stipulated in the "Personal-to-Personal (P2P) Microfinance Information Consulting Service Agency Industry Self-discipline Convention" (hereinafter referred to as the "Self-discipline Convention") issued by the P2P Industry Committee of China Microfinance Association. The self-discipline convention stipulates that overdue for more than 90 days is considered overdue, but the self-discipline convention only applies to all member institutions of P2P industry committees.

The society is developing, and the law must keep up.