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CBIRC Mounts Crackdown on Willful Bank Charges, Chaotic Practices
China Banking and Insurance Regulatory Commission (CBIRC) will mount cleaning action in full force against willful bank charges so as to regulate market order and alleviate corpora...
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CBIRC Mounts Crackdown on Willful Bank Charges, Chaotic Practices
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2020/10/22 10:03
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China Banking and Insurance Regulatory Commission (CBIRC) will mount cleaning action in full force against willful bank charges so as to regulate market order and alleviate corporate burden, Shanghai Securities News reported.

The CBIRC targets to crack down on chaotic practices of the banking segment in fields of credit, loan assistance, assessment and fee management. For credit, the authority is obliged to clamp down on setting of unreasonable loan conditions.
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