Research On Internet Consumer Credit Supervision

The Internet consumer credit generated by the combination of the Internet and traditional consumer credit plays an important role in promoting inclusive finance.Especially in the form of the new crown epidemic,it faces huge opportunities.Under the dual benefits of national policy support and market demand,Internet consumer credit has grown explosively,and many development chaos and legal risks have emerged.To this end,research on the supervision of Internet consumer credit is carried out.The main research content of the article can be divided into four parts.The first part is an overview of consumer credit and lending of Internet consumer credit.This part introduces the origin and connotation of consumer credit,its role in promoting the economy and the main modes of consumer credit in China.Then,referring to the definition of Internet finance,the Internet consumer loan is defined as the consumer loan business of consumer finance companies and Internet companies,and the development of my country’s Internet consumer loan is introduced.There is obvious complementarity in the field of consumer loans in the western region.The second part introduces the historical changes in the supervision of Internet consumer credit by sorting out various legal and normative documents.The third part is the analysis of the current situation of Internet consumer credit supervision,which is the third and fourth chapters.The third chapter is the current status of supervision of entrusted payment products and compares it with the current status of credit card supervision.The nature of the business of Internet entrusted payment products is unclear,resulting in a variety of ways to deal with the fraudulent use of other people’s baitiao,Huabei,etc.for consumption;the entry threshold is lower than that of commercial bank credit card business,and there are restrictions on investors;In terms of information disclosure,there is only the self-discipline of the mutual fund association,and there is a lack of rules and regulations.The fourth chapter is the supervision status of direct loan products,and compares it with the supervision status of personal consumption loans of commercial banks.The platform-based business model is an important difference between Internet consumer loans and traditional consumer loans.Currently,banks are only required to clearly stipulate the rights and responsibilities of all parties when conducting loan assistance business,and other financial institutions have not yet stipulated;the platform-based business model is prone to monopoly risks and monopoly.The key is data monopoly,which will be broken under the new credit management method.The source of funds for Internet consumer loans is more complicated.Currently,the supervision method is to limit the proportion of joint investment,so that financial institutions can share risks.In terms of capital flow supervision,Internet products are more difficult than traditional products.The supervision of the credit reporting side focuses on the protection of personal information.The high dependence of Internet consumer credit on big data has led to the problem of illegal collection of user data.Information disclosure needs to clarify its financial attributes.The fourth part is the perfect conception of internet consumer credit supervision.Based on the analysis of the above-mentioned problems,this part puts forward regulatory suggestions on the anti-monopoly,funding sources,information disclosure and credit supervision of the platform.First of all,regarding the issue of anti-monopoly,traditional anti-monopoly governance and supervision strategies can no longer effectively restrain the monopolistic behavior of digital economy platforms.Therefore,new anti-monopoly standards for digital platforms should be formulated and publicity work should be standardized.Secondly,with regard to the supervision of the source of funds,although the proportion of joint loan contribution has been required at present,regulators also need to pay attention to whether the joint lender has the qualification to lend,the sharing of risk responsibilities between the two parties and the level of service fees charged.For information disclosure,mark the financial service logo,and add a mandatory clause reading link to avoid excessive packaging.Finally,regarding the protection of personal information,we should clearly define personal information,give financial institutions a clear scope of user data usage rights,formulate the same industry standards,promote the confirmation of data property rights and improve the construction of the data transaction system.