Studies On The Legal System Of Regulation For Consumer Finance Company

Consumer finance company have been many yeas in foreign countries, but it’s a new financial institution in our country. since2009, about four finance company are seted up in beijing, shanghai, tianjin,and chengdu, consumer finance company is a institution that do not refers to deposits from the public, to a small dispersion principle for china domestic resident, and it’s an individual non-bank financial institutions to provide loans for the purpose of consumption. Pilot operations have been operated three years, China’s consumer finance company achieved good results, but its development in the fierce competition in the financial sector, there are still many problems, especially on the regulatory front, in addition to a normative document called the consumer finance company pilot management, there is no other supporting facilities for whom credit mechanisms, laws and regulations, risk control law for consumer finance company.The development of consumer finance companies need to have a sound and effective regulatory mechanisms, and how to solve the problems in the development process of the present stage of China’s consumer finance company in the level of the system and to safeguard the healthy and orderly operation of the consumer finance company, in order to maintain financial order is this article topics.First, the author discusses the general theory of the legal system of the consumer finance company regulatory legal system, elucidated the concept of consumer finance companies, status and value, and then a brief introduction of four consumer finance companies, their characteristics and the difference between other financial institutions’ business. as a valid part of the financial markets, consumer finance companies, development of the financial sector stability and prosperity are of great significance, its legal regulation is particularly important and urgent. on this basis, the theoretical basis of the consumer finance company to make elaborate. Second, I talk about other countries’ regulation system of consumer finance company, such as the United States, Japan and some EU countries, its worth for us to learn. Then talk about consumer finance company’ regulatory status quo in China and the provisions of the regulation of consumer finance company in our country, as well as the problems in the regulatory process. In the regulatory process of the consumer finance company, China should learn from the advanced experience of foreign countries and continue to improve its own deficiencies. Finally, recommendations on the regulation of the consumer finance company from a consumer finance company supervision as well as government, social aspects and the supervision itself.