China’s central bank has issued a record penalty to a domestic credit reporting company for conducting personal credit checks without a license, marking a blow to the financial data industry and a modest victory for consumer data privacy.
Chinese Credit Reporting Firm Punished for Operating Without a Proper License
2021年01月04日 21:09
来源于
财新网
Pengyuan Credit ordered to return ‘illegal gains’ and pay fines, marking the latest move to rein in personal credit reporting industry excesses
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- The punishment comes as China’s policymakers vowed in November to make the credit reporting industry more open.
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