Research On The Legal Regulations Of Personal Credit In Internet Finance In China

With the development of modern information science and technology,Internet finance has created many new service models and brought many business opportunities,resulting in an unprecedented change in the financial industry's competitive landscape,but compared to the development and reform of the Internet financial industry,The development of the corresponding Internet financial credit system has obviously lagged behind.The large number of Internet credit companies' poor management has exposed loopholes in the legal system of Internet financial personal credit investigation,which has long been detrimental to the development of the Internet financial industry.At present,China's legal regulations concerning the Internet financial credit system mainly have initially formed a legal framework.However,there are still many unsound areas that need to be improved in order to achieve the purpose of standardizing unlawful conduct and promoting the development of Internet finance personal credit information to the normalization.This article starts with the analysis of the concept of personal credit information on internet finance and its legal relationship,analyzes and discusses the problems and solutions to the legal system of individual credit information on internet finance.The full text is divided into three parts.The first part first outlines the concept and characteristics,and then introduces the legal relationship of Internet financial credit personal credit information services,including the relationship between information providers and credit bureaus,and the legal relationship between credit bureaus and information users.As well as the legal relationship between the regulatory organization and the credit bureau,Then the model of personal credit information for internet finance and the need for personal credit information for internet finance are introduced.The second part first enumerates the laws and regulations in the field of personal credit system in Internet finance.Then,based on an analysis of existing laws and regulations,it summarizes four issues in the field of personal credit system in internet finance: the collection of personal credit system is not standardized,and the ways of using personal credit information is not standardized,the personal credit supervision system of the Internet finance is not perfect,and there are difficulties in the legal relief of personal credit system in internet finance.The third part is based on the above issues,corresponding to propose solutions,namely: through the strict stipulation of personal credit information collection scope,cancelling a package of authorization,refine the the right of objection to improving the rules of personal credit information collection;through the establishment of institutions and Institutional information sharing system,perfecting the standard system of personal credit system on internet finance,and perfecting the system of onsent in the use of information to standardize the ways of using personal credit information;through the establishment of self-regulatory organizations,and establishment of multi-sectoral linkages dynamic supervision to strengthen the supervision of Internet financial personal credit bureaus;to improve the legal remedy system through legislation that stipulates “credit right”,establishes the principle of liability and burden of proof,and improves the legal responsibilities of untrustworthy entities.