In recent years, personal consumption loans and credit card businesses have developed rapidly, playing a positive role in stimulating residents’ consumption potential, expanding consumption scale, and promoting consumption upgrades. However, there have also been cases where products deviate from consumer attributes and usage control. Problems such as weakening and widespread long-term credit, especially the illegal entry of funds into the stock market and real estate market, have affected the effect of macroeconomic control.
How to regulate the personal consumption loan business? Currently, this issue has once again attracted the attention of financial regulatory authorities. A reporter from the Economic Daily learned that in the future, the capital flow of personal consumption loans will be more strictly controlled.
The reporter learned that the Zhejiang Banking and Insurance Regulatory Bureau has officially issued the "Notice on Further Regulating Issues Related to Personal Consumption Loans" (hereinafter referred to as the "Notice").
The "Notice" requires banking institutions to strengthen control over the use of personal consumption loans, ensure that the use is consistent with the contract, and strictly prohibit illegal flow of loan funds into the stock market, property market and other investment fields.
An industry insider said that "capital flow control" has always been a major difficulty in the personal consumer loan business. "Most credit card businesses adopt the 'entrusted payment' model, that is, the bank transfers the money directly to the merchant where the borrower needs to pay, and the flow of funds is clear." said the relevant person in charge of the personal finance business department of a large state-owned bank. In contrast, personal Most of the consumer loan business adopts the "self-payment" model, that is, the bank directly deposits the loan funds into the borrower's account, and then the borrower controls the funds. So there's a lot of uncertainty about exactly where the money is going.
"Currently, various banks stipulate that the accounts used by borrowers to obtain personal consumption loans must not be bound to securities investment accounts. However, if the borrower turns over the loan several times in different accounts, and finally enters the stock market The market and banks often have no choice but to turn a blind eye," the person in charge said.
In response to the above issues, the "Notice" reiterates the "four prohibited areas" for personal consumption loans. First, it is strictly prohibited to use it to pay the down payment for a house or to repay down payment loan funds; second, it is strictly prohibited to flow into the stock market, bond market, gold market, futures market and other trading markets; third, it is strictly prohibited to use it to purchase bank financial management, trust plans and other types of assets. Management products; fourth, it is strictly prohibited to be used in private lending, P2P online lending and other prohibited fields.
At the same time, in order to further standardize business operations, the "Notice" also reiterated the "six compliance bottom lines" for personal consumption loan business. Firstly, personal consumption loans without specified purposes shall not be issued; secondly, personal consumption loans shall not be issued with property mortgages that have not been released; thirdly, consumer loans shall not be issued to customers who are unable to repay; fourthly, credit review, risk control, etc. shall not be Core business outsourcing; fifth, it is not allowed to jointly invest in loans or provide funds for loans with institutions without qualifications for lending business; sixth, it is not allowed to accept credit enhancement or disguised credit enhancement from third-party institutions without guarantee qualifications.
In addition, for the "cash advance" and "large-amount installment" businesses that have grown rapidly in the credit card business in recent years, the "Notice" also requires strengthening the control of fund use. There are three specific provisions: First, strictly follow consumption positioning , except for credit cards serving "agriculture, rural areas and farmers", credit cards used in non-consumption fields are not allowed; secondly, strict management of cash advance business, the amount of cash advance shall not exceed the credit limit of non-cash advance business; thirdly, strict management of special projects Installment use control and transaction monitoring, standardize cooperation with intermediaries, and effectively prevent arbitrage.