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Finance Watchdog Targets Aggressive Credit Card Marketing by Banks

2019年10月11日 20:56 来源于 财新网
Some banks have aggressively promoted credit cards to low-income people and high-risk clients, including college students, top banking regulator says
Photo: IC Photo

China’s banking watchdog will crack down on aggressive credit card marketing to vulnerable groups — including college students — as it tightens the screws on consumer finance.

Some banks have aggressively promoted credit cards to low-income people and high-risk clients, the China Banking and Insurance Regulatory Commission (CBIRC) said in a notice (link in Chinese) Thursday.

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