The “Provisions on Clarifying Comprehensive Financing Costs for Personal Loan Business” came into effect on August 1, and relevant institutions accelerated system transformation and improved the text of the agreement. The reporter's research found that some commercial banks and consumer finance companies have issued explicit loan cost plans and launched comprehensive financing cost disclosure related procedures, and some loan aid agencies are also exploring new cooperation models with lenders to meet the requirements of the new regulatory regulations.

Zhitongcaijing · 1d ago
The “Provisions on Clarifying Comprehensive Financing Costs for Personal Loan Business” came into effect on August 1, and relevant institutions accelerated system transformation and improved the text of the agreement. The reporter's research found that some commercial banks and consumer finance companies have issued explicit loan cost plans and launched comprehensive financing cost disclosure related procedures, and some loan aid agencies are also exploring new cooperation models with lenders to meet the requirements of the new regulatory regulations.