On The Legal Risk Of Campus Network Loan And Its Preventive Measures

Campus Lending has become a nightmare in people’s eyes.It is accompanied by various negative news reports.At the beginning of its establishment,this demonized campus online loan platform provided more financing for college students in the fields of entrepreneurship,education and learning.However,after a series of extreme events broke out,the campus online loan industry was stopped by the regulatory agencies.The contradiction between the growing consumer demand of college students in our country and the long-term financial restraint policies implemented by college students in China has not yet been resolved.The campus network loan has the characteristics of small single transaction amount and large business volume.Therefore,the issuance of a single loan does not directly lead to the extreme events caused by the high debt of college students.This paper attributed these existing risks to three points: First,the informatization of the campus online loan platform is inaccurate as the information intermediary.As a result,the regulatory body is unknown,and the emerging industry cannot be effectively supervised in time.The campus online loan platform mainly serves as a credit intermediary function.However,it is generally involved in the credit business that is limited to banks,but it only accepts information intermediary supervision.Based on the regulatory differences between the two regulators,the campus online loan platform has room for regulatory arbitrage.Second,the campus loan principals are unknown,resulting in long-term credit,identity borrowing and other incidents frequently,in the final analysis,the platform’s own risk control system is incomplete,and there is no data sharing between the platforms.Third,the lack of a campus network credit information system can not make up for the insufficiency of the campus’ s online loan control system’s own risk control system.There is no unified standard for the campus market,and there is no official credit data available,causing chaos.This article will discuss the above three issues,analyze the legal risks that may arise,and put forward suggestions for prevention.