Strict supervision of internet lending services, the Financial Regulatory Bureau interviewed 5 platform operating institutions

The Financial Regulatory Administration recently interviewed five internet lending platform operating institutions, including Fenqile, Qifu Jietiao, Niwo Dai, Yixianghua, and Xinyongfei. This interview mainly focused on internet lending services, requiring these institutions to standardize marketing promotions, clearly disclose interest and fee information for lending products, comply with personal information protection regulations, conduct collections legally and compliantly, and establish customer complaint resolution mechanisms to protect the legitimate rights and interests of financial consumers