According to the new regulations on Internet loans,
First, the connotation and scope of Internet loans should be reasonably defined, and it should be clear that Internet loans should follow the principles of small amount, short term, high efficiency and controllable risks.
the second is to clarify the risk management requirements. Commercial banks should establish a comprehensive risk management system for Internet loan business, control risks in the whole process before, during and after lending, strengthen the management of risk data and risk models, and prevent and control information technology risks.
the third is to standardize the management of cooperative institutions. Commercial banks are required to establish and improve the access and exit mechanism of cooperative institutions, and strengthen management and compact responsibility in internal control system, pre-access evaluation, agreement signing, information disclosure and continuous management. For those who make loans with the cooperation agency * * *, the Measures put forward the requirements of strengthening quota management and concentration management.
the fourth is to strengthen consumer protection. It is clear that commercial banks should establish a mechanism to protect the rights and interests of Internet borrowers, and put forward clear requirements on the source, use and storage of borrowers' data. The Measures also stipulate that commercial banks should strengthen information disclosure and may not entrust cooperative institutions with records of violations of laws and regulations for collection.
the fifth is to strengthen supervision after the event. The Measures put forward regulatory requirements for commercial banks to submit reports on Internet loan business, self-assessment and reports on major issues. The regulatory agencies carry out supervision and inspection, and investigate legal responsibilities for illegal acts according to law.
In addition, the Interim Measures for the Administration of Internet Loans of Commercial Banks points out that Internet loans should follow the principles of small amount, short term, high efficiency and controllable risks. The credit line of a single household personal credit loan for consumption shall not exceed RMB 2,, and the credit period shall not exceed one year if the principal is repaid in one lump sum.