A joint document issued by five departments including the General Office of the China Banking and Insurance Regulatory Commission for some students falling into the trap of high loans
Small loan companies ban Internet consumer loans to college students
Recently, some Internet financial platforms target university campuses, and through inductive marketing, they issue Internet consumer loans to induce college students to over-exceed consumption, causing some students to fall into the trap of high loans, which has attracted great attention from the regulatory authorities.
On March 17, the Beijing Youth Daily learned that the General Office of the China Banking and Insurance Regulatory Commission, the Secretariat of the Central Cyberspace Administration, 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 The “Notice of Work” (hereinafter referred to as the “Notice”) further regulates the supervision and management of college students’ Internet consumer loans from four aspects, effectively safeguards the legitimate rights and interests of college students, and deploys the supervision and inspection of college students’ Internet consumer loans business as well as investigation and rectification work.
It is reported that in the next step, the China Banking and Insurance Regulatory Commission will work with relevant departments to implement the "Notice", actively carry out the investigation and rectification of illegal businesses, resolutely curb the phenomenon of Internet platforms accurately "harvesting" college students, and earnestly safeguard the legitimate rights and interests of students.
1. How to develop college student credit business?
No precision marketing for college students
The "Notice" strengthens the supervision and management of Internet consumer loans for college students in lending institutions.
It is clarified that small loan companies are not allowed to issue Internet consumer loans to college students.
The "Notice" requires that microfinance companies should strengthen the substantive verification of the identity of loan customers, and must not set college students as the target customer group for Internet consumer loans, must not target college students with precision marketing, and must not issue Internet consumer loans to college students.
The "Notice" further strengthens the risk management of the Internet consumer loan business for college students from licensed financial institutions such as consumer finance companies and commercial banks, and clarifies that no institutions established without the approval of the regulatory authorities shall not provide credit services to college students.
At the same time, organize local deployments to carry out supervision, inspection, investigation and rectification of the Internet consumer loan business for college students.
The “Notice” requires that lending institutions’ outsourcing cooperation agencies should strengthen customer acquisition screening, and must not use false, misleading, or inductive publicity and other improper methods to induce college students to consume ahead of time or borrow excessively. They must not target college student groups with precision marketing, and they must not sell lending institutions. Push and drain college students.
Banking financial institutions must strictly abide by the bottom line of risk, prudently carry out Internet consumer loans for college students, establish and improve appropriate risk management systems and early warning mechanisms, strengthen pre-lending investigation and evaluation, and attach importance to post-lending management and supervision to ensure that risks are controllable.
2. How to deal with the existing college student loans?
In principle, the issued loan will not be extended
In terms of personal information protection, the "Notice" requires strengthening the protection of personal information security of college students, establishing, improving and strictly implementing rules and regulations to ensure information security, adopting effective technical measures to properly manage the basic information of college students, and not sending loan student information to third-party institutions. Illegal disclosure, exposure, and buying and selling of loan student information.
It is necessary to strengthen the reporting of credit information, and in accordance with the "Regulations on the Management of Credit Investigation Industry", all credit information of college students’ Internet consumer loans should be timely, complete, and accurately reported to the basic financial credit information database.
For college students who do not agree to submit credit information, they are not allowed to issue loans.
For the already issued internet consumer loans for college students, one is to urge microfinance companies to formulate rectification plans. In principle, loans already issued will not be extended, and existing business will be gradually digested, and new business in violation of regulations is strictly prohibited.
The second is to urge banking financial institutions to strengthen investigations, rectify illegal businesses within a time limit, and strictly implement risk management requirements.
Institutions that refuse to rectify the problems found in the investigation or have serious circumstances shall be severely punished and cracked down, and those suspected of crimes shall be transferred to the judicial organs.
The "Notice" requires colleges and universities to earnestly assume the main responsibility of student management.
The first is to vigorously carry out popularization of financial knowledge education, strengthen financial knowledge publicity and education, and effectively improve students' awareness of financial security.
The second is to continuously improve the working mechanism of assistance.
Effectively guarantee the tuition, accommodation and basic living expenses of students from families with financial difficulties, and solve the temporary and emergency funding needs of students.
The third is to comprehensively guide college students to establish a scientific, rational and healthy consumption concept, establish a daily monitoring mechanism, pay close attention to students' abnormal consumption behavior, take targeted measures to correct them, and strive to achieve early prevention, early education, early detection, and early disposal .
At the same time, colleges and universities must actively cooperate with relevant departments to do the relevant work: First, block the side door and resolutely resist bad campus network loans.
All colleges and universities should establish a joint prevention and control mechanism, and actively cooperate with the public security departments and financial supervision departments to accurately crack down on bad campus network loans and protect the rights and interests of students.
Establish a real-time early warning mechanism, promptly release warning messages of bad campus network loans to students in various forms such as telephone, network, campus broadcast, etc., to build a protective net.
The second is to open the front door to meet the reasonable credit needs of college students.
All colleges and universities should cooperate with banking financial institutions to develop targeted financial products such as college education aid, training, and entrepreneurship with convenient procedures, reasonable interest rates, and controllable risks.
Attach importance to financial services for college students, actively connect with banking financial institutions, unblock formal campus credit service channels for college students with reasonable needs, use “good money” to drive out “bad money”, and strive to purify the campus financial market environment.
3. How to deal with related illegal crimes?
Step up efforts to crack down on illegal lending institutions
The "Notice" requires all local financial supervision and management departments and all banking and insurance regulatory bureaus to include small loan companies, consumer finance companies and other various lending institutions into the scope of rectification on the basis of the previous rectification of campus loans by online lending institutions. Use various methods such as website monitoring, fund monitoring, on-site inspection, and data analysis to further strengthen the supervision, inspection and investigation of the Internet consumer loan business for college students.
At the same time, intensify investigation and crackdown on illegal lending institutions.
The "Notice" requires that public opinions should be well resolved and guided.
Instruct all localities to do a good job of online interpretation and public opinion guidance on regulating the supervision and management policies of college students’ Internet consumer loans, and actively speak out and clarify the truth about the use of college students’ Internet consumer loans to maliciously speculate and clarify the truth, and jointly create a good public opinion environment.
At the same time, intensify the investigation and punishment of illegal crimes.
Instruct local public security agencies to increase the investigation and punishment of illegal and criminal activities in the Internet consumer loan business for college students in accordance with the law, severely crack down on criminal activities carried out by way of routine loans and usury against college students, and increase illegal detentions, kidnappings, violent collections and other illegal and criminal activities We will crack down on illegal and criminal activities that infringe on citizens’ personal information in accordance with the law.
4. How to satisfy the consumer loan for college students?
Follow the principle of small, short-term risk controllable
The "Notice" requires that in order to meet the reasonable consumer credit needs of college students, various banking financial institutions can develop targeted and differentiated Internet consumer credit products under the premise of controllable risks, and follow the principles of small, short-term, and risk-controllable , Strictly limit the loan balance of the same borrower and the total business scale of college students’ Internet consumer loans, strengthen product marketing management, strictly review the qualifications of college students, and improve asset quality.
In terms of marketing management, the "Notice" requires banking financial institutions and their partner institutions not to target college students with online precision marketing. Offline marketing campaigns carried out on campus need to be reported to the marketing regulatory authority in advance, and marketing is carried out. The specific location, date, time and content of the event shall be notified to the relevant educational institution in advance and the consent of the educational institution shall be obtained. Marketing activities shall not use deceptive, misleading or inductive publicity and other improper methods to induce college students to apply for consumer loans.
The "Notice" requires strict pre-loan qualification review, substantive review to identify college students' identity and real loan use, comprehensive evaluation of college students’ credit, income, tax and other information, comprehensive understanding of credit status, and strict implementation of the second source of repayment for college students through telephone To confirm the authenticity of the identity of the second repayment source in a reasonable way, and obtain written guarantee materials from a second repayment source (parents, guardians, or other administrators, etc.) with the ability to repay that they agree to their loan behavior and are willing to repay on their behalf, Strictly control the credit qualifications of college students.
It is necessary to strengthen post-loan management to ensure that the flow of loan funds meets the provisions of the loan contract; properly handle overdue loans, standardize collection management, and strictly prohibit any violent collection behavior that interferes with the normal study and life of college students; timely grasp the changes in the flow of funds and credit status of college students, and improve response The plan ensures that the overall business risks of college students’ Internet consumer loans are controllable.
This group of articles / our reporter Cheng Jie coordinated / Yu Meiying