Avoid "campus loan" becoming "campus harm"
Small consumer loans, don’t come to campus (Online China)
Our reporter Liu Yao
In recent years, due to the promotion of bad online lending institutions, some college students have been unable to repay their loans and have caused serious consequences. There have been many calls for a firm supervision of the network and prevention of campus loan risks.
The China Banking and Insurance Regulatory Commission and other departments have recently jointly issued the "Notice on Further Regulating the Supervision and Administration of College Students’ Internet Consumer Loans" (hereinafter referred to as the "Notice"), clarifying that small loan companies shall not issue Internet consumer loans to college students.
Experts said that a heavy blow to rectify campus loans must be implemented; guiding and educating universities on physiological consumption requires the concerted efforts of all parties.
Rectify the chaos and refuse to "harvest"
For some time, the chaos of internet consumer loans for college students has aroused concern from all walks of life.
With the popularization of mobile Internet and the development of Internet loan business, there are not a few college students who use Internet consumer loans, and consumer demand continues to increase.
The reporter learned that many campus loan platforms are simple to register, and do not even require data review, and attract student users with terms such as interest-free and zero-interest installment.
However, due to no source of income and lack of professional guidance, some students often face the problem of not being able to repay their loans.
The hidden dangers brought by campus loan platforms cannot be ignored.
The person in charge of the relevant department of the China Banking and Insurance Regulatory Commission stated that some Internet microfinance institutions cooperate with technology companies to target university campuses and issue Internet consumer loans through false and inducing publicity to induce college students to excessively consume on the Internet shopping platform.
This has caused some college students to fall into the trap of high loans and have a bad social impact.
In order to prevent "harvest", the "Notice" clearly requires that microfinance companies should strengthen the substantive verification of loan customer identities, and must not set college students as the target customer group for Internet consumer loans, and must not target college student groups with precision marketing, or sell to college students. Grant Internet consumer loans.
The "Notice" also requires banking financial institutions to strengthen the risk management of college students’ Internet consumer loans, strictly implement the second repayment source for college students, standardize collection behavior, and strengthen personal information protection. All college students’ Internet consumer loan credit information must be timely, complete and accurate. Submit to the basic database of financial credit information.
For the Internet consumer loans issued by college students, the "Notice" requires that microfinance companies 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.
It is understood that 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.
Standardize the market and meet demand
Today, young people have become an important group of online loan consumption.
The Beijing Second Intermediate People's Court disclosed in the notice that the age of enforcers in online loan cases is mainly between 20 and 30, and many of them are fresh graduates.
According to statistics from the Guangzhou Internet Court, nearly 60% of the defendants in online loan disputes are young people under the age of 35.
Industry insiders believe that the funding needs of college students exist objectively, but young people should not be trapped in excessive consumption and over-consumption.
To rectify the chaos in borrowing and consumption, it is awaiting continued supervision to promote the standardized development of the Internet financial industry.
In fact, in recent years, China has repeatedly made heavy blows over the chaos in the university student loan market.
For example, in response to issues such as “campus loans” and “naked loan loans”, relevant departments promptly suspended the campus loan business of P2P online lending institutions.
In addition, from an overall perspective, China has continuously strengthened its supervision and regulation of Internet financial products, especially the online microfinance business.
In November 2020, the China Banking and Insurance Regulatory Commission, in conjunction with the central bank and other departments, drafted the "Interim Measures for the Management of Online Microfinance Business (Draft for Comment)"; in December 2020, the China Banking Regulatory Commission issued the "Reminders on the Risk of Beware of Online Platforms Inducing Excessive Lending"; In January of this year, the People's Bank of China held a meeting, demanding that excessive marketing of financial products be strictly prohibited and excessive debt induced.
In response to the new situations and new problems that arise in campus loans, it is necessary to unblock and integrate, regulate campus financial services, and safeguard the legitimate rights and interests of the student population.
Dong Ximiao, a part-time researcher of the Institute of Finance of Fudan University, said that to standardize and improve the campus financial market, on the one hand, we must adopt various measures to strengthen rectification, and on the other hand, we must meet the reasonable financial needs of college students and make up for the shortcomings of college financial services.
In this regard, the "Notice" also proposes 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 small, short-term, and risky Internet consumer credit products. The principle of control.
Some people in the industry suggest that commercial banks and policy banks can establish interest-free or low-interest public welfare loan service platforms to cultivate college students to form a correct consumption concept, and at the same time cultivate high-quality future customers for enterprises.
Strengthen education, rational consumption
Some college students’ “wealthy and self-willed” consumer demand meets the risk of “overpowered” loans, which is an important cause of bad campus loans.
In this regard, all parties called for strengthening education and helping college students to establish a scientific and rational consumption concept.
Recently, at the press briefing held by the Ministry of Education, Guo Peng, the director of the Finance Department of the Ministry of Education, said that it is necessary to guide colleges and universities to carry out the popularization of financial knowledge and "financial quotient" education in combination with freshman enrollment education and daily ideological and political education, and remind students Be wary of telecommunications fraud and bad campus loans.
Zhang Wenbin, deputy director of the Department of Ideological and Political Affairs of the Ministry of Education, said that colleges and universities should regularly investigate students' participation in campus loans and deal with hidden dangers in a timely manner.
Use big data to pay attention to students' abnormal consumption behaviors, take targeted measures to correct them, and strive to achieve early prevention, early education, early detection, and early disposal.
Guo Peng pointed out that weaving the government's "funding network" is an important guarantee to prevent college students from getting into bad "online loans".
The Ministry of Education will supervise and guide colleges and universities to ensure the implementation of student funding policies, address temporary and emergency funding needs of students, pay attention to developmental needs, encourage qualified colleges and universities to raise funds through multiple channels, and support students to expand their studies, innovation and entrepreneurship.
Experts believe that the credit awareness of college students has not been fully established. Excessive and irregular credit support often triggers irrational consumption and encourages campus comparison.
In this regard, schools should strengthen campus management, guide and educate students to establish a correct concept of consumption.
College students should develop good consumption habits and avoid excessive borrowing.
If you really need a loan, you must choose a formal financial institution and product, and do not easily apply for a loan on an unknown online platform.