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China Tightens Screws on P2P Debt Dodgers

2019年09月05日 20:43 来源于 财新网
Lending platforms told to sign up with credit reference agencies to help identify delinquent borrowers
Regulators have been tightening their grip on the P2P industry since 2016 to curb abuse and fraud after billions of yuan of investors’ funds were embezzled. Photo: IC Photo

* A regulatory notice has ordered P2P platforms to share the data they hold on borrowers with credit bureaus, as part of a broader push to build a national personal credit database

* This move isn’t only aimed at reducing risks for the platforms and their investors, as it should also protect borrowers from unscrupulous lenders who charge usurious interest rates

版面编辑:喻竹杨洋
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