Summary
[Note that red line supervision requires consumer finance companies to control loan interest rates within 24%]According to industry sources, relevant regulatory authorities have requested that consumer finance companies, banks and other financial institutions in various regions must fully control personal loan interest rates within 24%. Among them, regulatory requirements in some regions require that stock loans with excessive interest rates be cleaned up by the end of June next year. In response to this news, a consumer finance company told reporters that it has indeed received regulatory verbal guidance. At present, whether it is self-operated products or cooperative platform loans, the company has controlled within 24%. (Beijing Business Daily)
According to industry sources, relevant regulatory authorities have requested that consumer finance companies,BankWaiting for financial institutions to take personal loansinterest rateFully control within 24%.Among them, the regulatory requirements in some regions will be cleared before the end of June next year.interest rateExcess stock loans. In response to this news, a consumer finance company told reporters that it has indeed received regulatory verbal guidance. At present, whether it is self-operated products or cooperative platform loans, the company has controlled within 24%.
(Source: Beijing Commercial Daily)
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