Recently, the "Notice on Strengthening the Management of Commercial Banks' Internet Loan-Assisting Business and Improving the Quality and Efficiency of Financial Services" issued by the State Administration of Financial Regulation has been like a boulder thrown into the lake of the loan-assisting industry, causing a thousand waves. The new regulations clearly require the headquarters of commercial banks to implement a name-list management system for platform operating institutions and credit enhancement service institutions, and to make such lists public on official websites, APPs and other channels. This measure is aimed at regulating the loan-assisting business and solving long-standing problems in the industry such as lax risk control and non-transparent charging.
It is understood that at present, institutions such as Yilian Bank and Shangcheng Consumer Finance have taken the lead in announcing the list of cooperation, with Ant, Webank, Duxiaofan and other leading platforms included. The screening criteria are extremely strict, focusing not only on the loan balance and customer scale, but also on the platform's risk control technology, business process and complaint rate and other core capabilities. At the same time, the new regulations have also made major reforms in the pricing mechanism, requiring that the credit enhancement service fee be included in the comprehensive financing cost, prohibiting charging in the form of "consulting fees" and "advisory fees", and the comprehensive cost needs to comply with the judicial protection cap.
The industry landscape is rapidly restructuring due to the new regulations. The leading platforms, with their strong capital strength, advanced technological level, and good compliance records, are standing out in this transformation and are expected to further expand their market share. However, some smaller platforms are facing the risk of being eliminated by the market due to high compliance costs and insufficient customer group operation capabilities. Industry insiders analyze that the consumer loan industry will undergo a deep reshuffle, and the market concentration will further increase in the future.