Under a new mechanism, consenting parties can submit personal credit score data to the JCIC, which will encrypt the data and securely share it with qualified P2P lenders.
February 4, 2022KoFIU will begin inspections on VASPs, financial institutions, casinos and mutual finance companies starting February.
January 18, 2022The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.
October 23, 2021The move is aimed at preventing the P2P lenders from being used for money laundering and terrorism financing, said OJK Deputy Director Munawar.
February 24, 2021Chinese media reports that the number of P2P lenders has now fallen to zero, down from a peak of almost 6,000 such firms in 2017.
December 3, 2020However, the PBOC believes the world economy is still in a period of deep adjustment, amid concerns that the risk of debt defaults has increased.
November 9, 2020Regulators are working to include internet lending in credit reference systems, and to make it easier to jointly punish dishonest borrowers.
September 17, 2020Under the law, P2P lenders must meet new capital requirements and be registered with the FSC. Consumer protection is also enhanced.
August 27, 2020Savers who invested in the thousands of now-defunct P2P platforms over the last several years have not yet managed to recover their funds.
August 18, 2020Companies in Shanghai, Zhejiang and Shenzhen have submitted applications to set up local asset managers to deal with bad loans, particularly those from P2P lending platforms.
February 28, 2020