Legal Research Of Consumer Finance Company

To set up and develop the Consumer finance company is an important symbol offinancial innovation.But compared to the emergence of foreign consumer financecompany based in developed consumer credit market, the provisions of China’s with arelatively backward of Consumer finance company legal system.The Consumer financecompany exist imperfect legislative system,the lack of market access and exitmechanisms, weak internal control legal risks, regulatory and the protection of borrowerrights is not perfect of the legal situations and problems.legal protection is borrowerrights and such as poor legislation.In view of this, on the basis of the existence of thecurrent consumer finance company legal system and lack of analysis of the problem,and then discusses the legislative system of consumer finance companies, market accessand exit mechanisms, internal control, legal risks and regulatory regime to strengthenborrower Legal protection of human rights in these areas to improve the relevant legalsystem countermeasures of its consumer finance companies.The full text is structured asfollows:The first part, from the perspective of the definition of consumer finance companies,this paper expounds the concept and legal characteristics of consumer financecompanies. Then through the concept and legal characteristics of consumer financecompanies, consumer finance companies and the comparison of related financialinstitutions.Draw from the compare of consumer finance companies and financialinstitutions, the existence of competitive advantage.The second part analyzes thelegislation of consumer finance company in the United States, Britain, Japan.Consumerfinance company have been able to come in healthy and rapid development of thesecountries because their consumer credit legislation with consummate system, clearconsumer finance company’s specific legislation, closely related to the strictrequirements of the relevant supporting consumer protection and so on.The third part,through the analysis of the legislative present situation and problems of China’sconsumer finance company.Then focuses on the consumer finance company in thelegislative system,the internal market entry and exit mechanisms,weakness of legal riskcontrol, the inadequate regulatory system, the borrower legal protection of rights andother aspects of the legal problems.The fourth part, against the issue for the third part,and through the successful experience in the consumer finance company legal system inthe United States, Britain, Japan for our consumer finance company made the idea of perfection. At the present stage, needs develop "Consumer Finance Companyregulations" and accelerate the development of other related supporting legislativenorms;standardized consumer finance company market access and exit mechanisms;enhanced control internal credit risk management system to improve the credit officers,building audit risk control mechanism, improve internal control consumer financecompany legal risks; updating consumer finance company regulatory concepts, improveexternal regulatory legal risk consumer finance companies, consumer financecompanies to improve the regulatory system; promote consumer finance company’sinformation disclosure system, clear the borrower’s collection mechanisms that regulatethe borrower’s dispute resolution procedures, strengthen legal protection of rights andinterests of the borrower.