Research On The Legal Supervision System Of Internet Consumer Finance Platform

2013 is the first year of Internet Finance,different kind of products are developing rapidly.The Internet Finance stimulates the progress of Internet consumer finance,including risk management,consumer scenarios and services.The Internet consumer finance is the combination of the Internet technology and traditional consumer finance.with the advancement of internet technology and favorable policies,the competition among banks,consumer finance companies and Internet consumer finance platform is intense.As the new type of internet finance,Internet consumer finance platforms have important implication for inclusive financial system and GDP.Compared with traditional consumer finance,Internet consumer finance platform has convenient and efficient service,bran-new risk management and market segment.Based on type of payment model,there are three different kind of Internet consumer finance platform:pay-for-another model,cash model and mixed model.A prosperity is appeared in the Internet consumer finance platform.The business model is fully developed.Although Internet consumer finance platform is developed rapidly,a lot of negative news about information disclosure problems,Internet financial fraud crimes is reported constantly.and legal regulation is remain to be resolved.To make Internet consumer finance platforms to continue to play a good role while reducing risk,regulators should consummate the related legal framework,make Internet consumer finance platforms into macro-prudential supervision and combine the institutional regulation and functional regulation.regulators establish the access and exit mechanism.and should established credit enquiry database sharing mechanism,protect consumer rights and interest.