Yes.
According to Article 111 of the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks": If a commercial bank violates other relevant laws, administrative regulations and rules in the process of carrying out credit card business, the China Banking Regulatory Commission and the Its dispatched agencies will supervise rectifications in accordance with relevant laws, administrative regulations and rules, and take corresponding supervisory measures.
After making rectifications, a commercial bank, relevant branches or relevant operation centers shall submit a rectification report to the China Banking Regulatory Commission or its relevant dispatched office. If the China Banking Regulatory Commission or its relevant branch office confirms that it complies with the prudent business rules and the relevant provisions of these Measures, the relevant regulatory measures taken against it will be lifted within three days from the date of completion of the acceptance.
Extended information:
Relevant requirements for credit card repayment:
1. When the card-issuing bank receives repayment from the cardholder, it shall process it in the following order Various arrears in credit card accounts will be offset and repaid: if overdue for 1-90 days (inclusive), the balance will be offset in the order of interest or fees receivable first, and then the principal; if overdue for more than 91 days, the principal will be offset first , and then offset the interest receivable or various expenses in the order.
2. The card-issuing bank should provide reconciliation services. The statement should at least include the transaction date, transaction amount, transaction currency, transaction merchant name or code, current repayment amount, current minimum repayment amount, due repayment date, precautions, card-issuing bank service phone number and other elements. The specific form of reconciliation service shall be agreed upon by the card-issuing bank and the cardholder.
Baidu Encyclopedia-Measures for the Supervision and Administration of Credit Card Business of Commercial Banks