China’s Banking Regulator Releases New Rules on Online Lenders’ Disclosure Requirements

The China Banking Regulatory Commission has released new rules on disclosure requirements for online lenders; new rules additionally require online lenders to disclose the information of “compensation”, which is the money that third parties pay for the loans that cannot be paid back by borrowers; stricter rules in terms of information disclosure will help investors to know the operational conditions of online lenders better. Source (Chinese)

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]