Research On Legal Protection Of Consumers’ Rights And Interests In Internet Finance

With the vigorous development of the Internet,more and more people began to spend on the Internet,and the Internet financial industry began to enter our lives.In 2013,it ushered in a major outbreak of Internet finance.Third-party payments represented by Alipay and WeChat payments,as well as Internet financial and financial products represented by Balance Bao and "e-rental" were quickly accepted and widely used.After this,Internet financial platforms such as "patting loans","personal loans","pleasant loans",and "Lujin" provided financial products with an annualized yield of up to 10 %.Used to the network to pay we also began to use the money in hand to do financial investment.However,these attractive return rate of Internet financial platform,especially P2 P loan platform frequent "thunder" phenomenon,have to attract our attention.Internet financial consumers not only lack financial expertise,blindly invest in and mismanage financial affairs,but also have asymmetric information with Internet financial institutions.Many reasons have led to the failure to protect the legitimate rights and interests of Internet financial consumers.In addition,since the P2 P online lending industry has entered the 21 st century and developed with the rise of the mobile Internet,the birth time is relatively short.At present,China lacks corresponding laws,regulations and institutional design for the P2 P online lending industry.There are only some sworn work reports.It is difficult for Internet financial consumers in a disadvantaged position to obtain evidence.Ordinary relief channels can not effectively protect the legitimate rights and interests of Internet financial consumers.Therefore,it is necessary to discuss how to improve the law and system of protecting Internet financial consumers from the perspective of P2 P loan.In terms of legislation,we should clarify the concept of financial consumers,formulate a special legal document for the protection of the rights and interests of Internet financial consumers,and refine the provisions of the elimination law and the financial law;In the field of law enforcement,we will strengthen law enforcement supervision,clarify the subject of supervision and its authority,standardize the disclosure of information and improve the fund deposit system.In the field of judicial relief,we will build a diversified Internet financial dispute resolution mechanism and implement the Internet financial consumer judicial relief program to maintain the order of Jinrongshichang and promote the healthy development of the Internet financial industry.