Peer-to-peer lending includes personal peer-to-peer lending (P2P peer-to-peer lending) and online microfinance. Personal peer-to-peer lending refers to direct lending between individuals through the Internet platform. Direct lending on the personal peer-to-peer lending platform belongs to the category of private lending, which is regulated by the Contract Law, General Principles of Civil Law and other laws and regulations as well as relevant judicial interpretations in the Supreme People's Court. Network micro-loan refers to the micro-loan provided to customers by Internet companies through their holding micro-loan companies. Network microfinance should abide by the existing regulations of microfinance companies, give full play to the advantages of peer-to-peer lending, and strive to reduce the financing costs of customers. P2P loan business is supervised by China Banking Regulatory Commission.
The essence of internet finance still belongs to finance, and it has not changed the characteristics of financial risks such as concealment, contagiousness, extensiveness and suddenness. Strengthening the supervision of Internet finance is an inherent requirement to promote the healthy development of Internet finance. At the same time, Internet finance is a new thing and a new format. It is necessary to formulate a moderately loose regulatory policy to leave room and space for Internet financial innovation. By encouraging innovation, strengthening supervision and mutual support, we will promote the healthy development of Internet finance and better serve the real economy. Internet financial supervision should follow the principles of "legal supervision, moderate supervision, classified supervision, collaborative supervision and innovative supervision", scientifically and reasonably define the business boundaries and access conditions of various formats, implement regulatory responsibilities, clarify the bottom line of risks, protect legitimate operations, and resolutely crack down on illegal activities. Credit cards and online loans mainly have these differences:
First, the application is different. Credit cards need to be applied to the bank and issued by the bank. The credit card will verify whether the applicant's details are appropriate and meet the basic conditions before processing. Online loans are generally based on small Internet platforms. The application threshold is low, and many people only need to provide their ID cards to apply.
Second, different interests. Credit cards are issued by banks and the interest is relatively reasonable. How high is the interest rate of online loans? Some people know that some people suffer.
Third, the consequences are different. Credit cards are products of banks, and the adverse consequences of using credit cards are directly related to personal credit information. If it is overdue for a long time, it is also related to criminal law. However, the most serious online loan is violent collection, and criminal prosecution is rare.