News from ongwide: march 16, chinaInternet finance associationAn initiative was launched on “technology for good, finance for people”。
On the evening of 15 march, the march 3-15 event brought to light situations in which consumers had to borrow through electronic signature platforms such as loan treasures, letters for all, loan loans, beheadings and overdue charges, violence-driven collections and the unavailability of lenders. Such events have exposed the use of technology by internet platforms in the guise of "financial technology" and "inclusive finance"ComplianceI don't knowConsumer protectionThere are serious problems and there are suspected offences. In order to follow up on the requirements for strengthening the protection of financial consumers and combating illegal financial activities, and to promote the healthy development of the internet financial sector, the china internet finance association has launched the following initiatives for internet financial operators:
(i) maintaining the original purpose of “technology for good and finance for people” by strengthening the review of science and technology ethics, promoting the development of technology-enabling financial regulations, achieving a positive harmonization of technological instruments and financial values and eliminating the misuse of technology。
2. Establish a firm line of compliance and secure operational boundaries. Technical facilities or information cover for illegal activities such as loans, mortgages, mortgages, the collection of beheadings, violent collections, illegal lending intermediaries and the use of technical means (e. G., falsification of identity information), assistance to partners (e. G., professional lenders) or inducement of consumers (e. G., selection of defaults) to evade financial regulation are strictly prohibited。
Effective implementation of the obligations of the primary duty-bearers in the protection of consumer rights and interests, the integration of consumer protection into the core framework of corporate governance and core indicators of corporate business, the establishment of a “consumer rights impact assessment” system, and the conduct of comprehensive assessments of products, partners, applications of science and technology, data protection, algorithm discrimination, etc。
Iv. Strengthening self-regulatory controls on the marketing activities of financial product networks and post-credit collections, following the initiative of the china internet finance association to regulate the commissioning of third-party internet platforms by financial institutions for the marketing of loan networks, and the requirements of the national standard, the internet finance individual network consumer credits guidelines for follow-up wind control (gb/t 45251-2025)。
Science, technology and innovation drive the transformation and development of financial services, but are by no means a “protective umbrella” for illegal operations. With this event in mind, internet finance institutions are committed to “technology for good, finance for people” and are based on the protection of consumers' rights and interests。
