Or be fined for illegally entering the consumer loan market.
According to official website information of Guangfa Bank, the credit card' intellectual property' business is a credit card service for overdraft transfer and installment repayment provided by Guangfa Bank Credit Card Center for cardholders, that is, cash advance in installments. Among them, ordinary' intellectual capital' corresponds to users' short-term, small consumption demand, and the staging period is 3-24 months. In addition, you can also enjoy a higher amount of' intellectual capital', with a maximum period of 36 months. After the cash advance application is approved, the funds will be transferred to the savings account with the same name designated by the user, making it more convenient for the cardholder to withdraw money and transfer money.
Because although it is clearly stated that such products do not charge interest, a certain handling fee will be charged for each issue. Generally, the handling fee rate of this product of Guangfa Bank is about 0.75% per issue, which is still relatively high when converted into adult interest rate. For users, it is not cost-effective to use such high-cost funds only for daily consumption. According to the above analysis.
In fact, cash advance is one of the basic functions of credit cards, and most banks have products similar to' intellectual property rights' in their credit card business. In 20 17, the former CBRC issued the Notice of the General Office of China Banking Regulatory Commission on Strengthening the Risk Management of Credit Card Cash Advance Business, which regulated the credit card cash withdrawal business in many aspects, including that the credit card overdraft cash withdrawal amount will be fully included in the minimum repayment amount of the current bill, that is, the cash withdrawal will no longer enjoy the minimum repayment amount treatment. At the same time, it emphasizes the funds of credit card cash advance business (including cash withdrawal, cash transfer, cash installment, etc.). ).) It can only be used for consumption, and shall not be used in non-consumption fields such as production, operation and investment (including but not limited to equity investment such as house purchase, securities investment, wealth management and loans). Subsequently, the business rules of related products of several banks were adjusted, and the management of cash advance business of credit cards was further tightened.
On July 15, Guangdong Supervision Bureau of China Banking Regulatory Commission released the information disclosure form of administrative punishment, which showed that Guangfa Bank had serious violations of prudent management rules in the post-lending management of credit card' intellectual property' business, and the regulatory authorities imposed an administrative penalty of 2.2 million yuan on it.
Supervise the heavy punches and strictly control the illegal entry of funds into the market.
For example, on July 7, Dalian Branch of Shanghai Pudong Development Bank failed to use the loan funds according to the agreed purposes due to inadequate post-loan management; After the loan inspection was not in place, four illegal acts, such as not using the credit funds according to the agreed purposes, were fined 6,543,800 yuan by Dalian Banking Supervision Branch; On the same day, China CITIC Bank Dalian Branch received three consecutive fines, involving illegal acts such as personal loan funds not being returned to the borrower's account, misappropriation of personal loans, and inadequate post-loan management, with a total fine of 165438+ ten thousand yuan.
On July 16, Bozhou Branch of Postal Savings Bank was fined 250,000 yuan by Bozhou Banking Regulatory Bureau for personal consumption and business loans flowing into the real estate market, and two employees were warned; Ping An Bank Beijing Branch has illegal personal loan funds flowing into the real estate field, and there are many defects in the internal control management of personal loan business. The Beijing Banking Insurance Regulatory Bureau ordered it to make corrections and imposed a total fine of 7,772,200 yuan. The relevant responsible person is prohibited from engaging in banking work within 3 years; Bank of Beijing was fined RMB 6,543,800+0.5 million due to poor management of independent payment of personal loans and illegal inflow of loan funds into the stock market and housing market.
Recently, a spokesman for the China Banking Regulatory Commission pointed out that some market chaos has rebounded recently, and some are high-
In addition, the Measures mainly require commercial banks to strengthen the management of loan payment and fund use. Commercial banks should adopt the method of entrusted payment for loans that meet the corresponding conditions, and refine the management of entrusted payment limit. The purpose of the loan is clear and legal, and it shall not be used for investment in real estate, stocks, bonds, futures, financial derivatives and asset management products, or for investment in fixed assets and equity. If it is found that the loan has been used illegally or not according to the agreed purpose, measures should be taken to recover the loan in advance.
Post-loan management is indeed a difficult point in banking business, which is also the reason why supervision has always restricted cash loans. Because after the funds directly enter the user's bank card account, if the customer transfers money between different banks, it is difficult for a single institution to monitor the specific use of the subsequent funds. The above-mentioned financial technology institutions said. However, commercial banks should work within the scope of internal control. For example, customers directly use debit cards to bind securities accounts, and there is a bank-securities transfer transaction, but the bank fails to control according to the business norms, and it is easy to be fined by the on-site inspection of the supervision. According to its disclosure, at present, under the notice of supervision, many banks in many places are conducting' three inspections', among which the post-loan inspection involving' capital utilization' is the focus.
In the eyes of the industry, the frequency and intensity of regulatory penalties for this business have accelerated, with the aim of playing a warning role, urging banks to implement management and cracking down on illegal funds entering the market. The Measures clearly point out that commercial banks should take appropriate measures to monitor the use of loans when conducting Internet loan business. Commercial banks should strictly control the use of loans themselves, and banks and third-party cooperative institutions should jointly take preventive measures, which can improve the efficiency of monitoring the flow of funds to a certain extent. This will also help banks reduce the risk of consuming loans overdue. '
The new era securities report pointed out that the regulatory authorities learned the lesson of 20 15 and severely cracked down on illegal fund-raising and credit.
The inflow of funds into the stock market will help the bull market to be healthier. It will be more difficult to flow into the equity market through channels such as consumer loans.
This article was originally produced by Xinhua Rong Media to observe finance and economics. Please do not reprint without permission. Hotline for soliciting clues:13621102659.
Related Q&A: How long will it take for Guangfa Finance to receive the account 1 The collection of Guangfa Finance mainly depends on the collection account. After the application is successful, the financial intelligence funds can be transferred to the debit card account of Guangfa Bank or other accounts, and can be transferred to the debit card account of Guangfa Bank, which can generally be received within 2 working days.
2. When transferring to another bank's debit card account, the arrival time depends on the transfer amount. If the transfer amount is less than 50,000 yuan, it will arrive in 2 working days, and if the transfer amount is more than or equal to 50,000 yuan, it will arrive in 3 working days.
3. Guangfa wealth management funds are divided into ordinary wealth management funds and exclusive wealth management funds, both of which are received at the same time. If you want to get the account quickly, it is recommended to transfer it directly to your own Guangfa Bank debit card, because the inter-bank transfer is slow.