The Legal Risks And Prevention Of Internet Consumer Credit

In recent years,"developing consumer finance and stimulating domestic demand" has become another important growth point for China's economic development.Driven by the rapid development of Internet information technology,the consumer finance industry market is showing an increasingly open form.At the same time,China's Internet consumer credit industry is also developing rapidly.Many Internet giants have joined the consumer credit market,and have launched unique Internet consumer credit products,such as Suning's Suning Small Loan,Jingdong's White Strip,and Ant Financial Service.Designed ant flower buds and so on.Internet consumer credit has an unparalleled advantage over traditional consumer credit products.The traditional consumer credit business process is very similar to the commercial bank's microfinance business process.From the user application to the final loan,the time cost and the human cost are quite expensive during this period.Some microfinance businesses may still need mortgage or guarantee..The Internet consumer credit products are based on user credit as the core judgment.No mortgage or guarantee is required.Everything starts from the user experience,and the procedures are simple,and can satisfy the consumer demand and usage demand of the largest number of consumers as much as possible.Therefore,Internet consumer credit products Once it was published,it was quickly accepted by consumers.Although the Internet consumer credit industry is booming,the hidden risks under prosperity cannot be ignored.The Internet consumer credit industry as a whole is facing the following legal risks: First,the lack of laws and regulations related to Internet consumer credit can not be relied upon;secondly,some of the rules and regulations that have been set up are not applicable to the law,and the legal hierarchy is low.Thirdly,the legal awareness of the participants in the Internet consumer credit industry is not strong,and there are different types of violations of laws and regulations in the business,so that the law is ineffective,that is,there is no law.At the same time that China's Internet consumer credit has developed rapidly,the development of Internet consumer credit in other countries in the world has never stopped.For example,the U.S.,the U.K,the EU.and Japan,compared with China's Internet consumer credit industry,they have developed early,developed rapidly,and have sound legislation.They have accumulated a lot of experience in legal regulation,business supervision and platform improvement.It is worth learning and learning.While understanding the experience of foreign advanced systems,the author also started from the legal risks of Internet consumer credit in China,starting from the aspects of the construction of Internet consumer credit laws and regulations,the construction of Internet consumer credit supervision system and the construction of judicial guarantee.Legal prevention advice.In order to find a solution to the legal risks faced by the Internet consumer credit industry.