What risk warnings have been issued by the Internet Finance Association?

165438+1October 25th news, according to the monitoring of China Internet Finance Association (hereinafter referred to as Mutual Fund Association), the number of institutions providing small cash loans to individuals through the Internet has increased rapidly recently, and some institutions are not qualified to lend, and there are some problems such as false propaganda to attract customers, violent collection, and excessive interest and fees. The spread of this behavior is likely to cause financial risks and social problems in some areas and disrupt economic and social order.

The mutual fund association said that relevant institutions should strictly abide by the legal bottom line. Those who are not qualified to lend should immediately stop illegal lending. Those with legal lending qualifications should take the initiative to strengthen self-discipline and make reasonable pricing, so as to ensure that the pricing of interest and expenses meets the requirements of relevant national laws and regulations. At the same time, strengthen credit qualification examination and risk management, fulfill financial consumers' educational obligations, truthfully disclose information, and focus on the pricing of interest and expenses. It is not allowed to mislead financial consumers to accept services and products that are inconsistent with their risk perception and repayment tolerance by false propaganda. Relevant institutions shall abide by national laws and regulations, standardize post-loan collection according to law, and shall not use violence to collect or harass irrelevant personnel.

The vast number of financial consumers should pay attention to learning and understanding financial knowledge and enhance their awareness of safeguarding consumers' rights and interests. When purchasing financial products and services, you should carefully read and understand the contract terms of related services and products, evaluate your repayment ability, and avoid credit stains and economic losses caused by excessive debts. For the loan contract of obviously unfair, consumers can cancel or change it through civil judicial means and use legal means to safeguard their legitimate rights and interests; If illegal financial activities are found, consumers should report to the relevant regulatory authorities or China Internet Finance Association, and those suspected of illegal crimes should report to the public security organs in time.

Loan companies really need to be well supervised!