CITIC Bank does commit fraud, and has been filed against it

1. CITIC Bank stores cheated customers with false lawsuits and contract fraud. Above the law, acting boldly, committing fraud, concealing the truth, making up and acting on one's own, maliciously interfering with the judicial process, deliberately preventing clients from responding to lawsuits, being ignorant, providing perjury to frame clients, deceiving clients into not knowing the law, toying with clients, CITIC The bank's long-standing illegal routine has been practiced to perfection, seriously infringing on the physical rights of customers! Seriously infringes on the client’s litigation rights! His behavior has violated the Constitution of the People's Republic of China and the Criminal Law of the People's Republic of China.

The facts are as follows: (1) When repayments have never been overdue in 10 years, China CITIC Bank issued loans in the name of credit cards in violation of regulations, induced customers to exceed credit limits, fraudulently charged unreasonable interest, and had no right to list customers as Enter the person subject to execution for breach of trust! Article 55 of the Measures for the Supervision and Administration of Credit Card Business stipulates: Card-issuing banks shall not provide card-using services beyond the credit limit for credit card transfers (transfers out) and cash withdrawals, and the total amount of credit card overdraft transfers (transfers out) and cash withdrawals shall not exceed the credit card amount. cash withdrawal credit limit.

(2) Ignoring laws and regulatory provisions and robbing and harvesting cardholders through routines. Concealing the interest rate trap of equal principal and interest loans, inducing and deceiving customers to charge unreasonable renewal interest and compound interest. China CITIC Bank's monthly interest rate for loans in the name of credit cards for Dream Gold and New Express is 0.75. On the surface, the annual interest rate is only 9. It is divided into 36 installments over three years. The actual annualized interest rate in the first year is 16.44, and the actual annualized interest rate in the second year is 24.38. In the third year, the actual annualized interest rate reaches 47.18. The same principal and interest are repaid in each period. Because after each period of repayment, the principal is decreasing, but the monthly interest remains unchanged. The utilization rate of principal funds is not 100, in the shape of an inverted pyramid. On the contrary, the interest rate has been increased in disguise, which is obviously an attempt to defraud financial consumers and is inconsistent with the actual renewal interest rate, exceeding the legal limit and breaking the law. The product is suspected of loan sharking! Today, CITIC Bank cannot shirk its primary responsibility.

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2. New forms of online fraud: Scammers use fake loans as a means of fraud and require victims to pay the so-called "cash withdrawal fee" and "packaging fee" in advance , "Production fee", "Membership fee", "Capital verification fee", "Insurance premium", "Deposit", "Guarantee deposit", "Certification fee", "Flowing funds", "Advance payment", "Unfreezing fee", " Various fees such as "stamp tax", "notary fees", "handling fees", "check activation fees", etc. are used to implement a series of frauds.