CFIC Introduction
In recent years, the chaos of "agency rights protection" in the financial field, represented by "debt reduction" and "agent surrender", has continued to spread, and some have formed an organized black industry chain and illegal interest chain, infringing on the legitimate rights and interests of consumers and disrupting the normal order of the financial market. On May 11, the State Administration of Financial Supervision and Administration issued a risk reminder for the protection of consumer rights and interests, reminding consumers to express their demands through formal channels and rationally protect their rights in accordance with the law.
The picture shows the State Administration of Financial Supervision and Administration. Photo by Xinhua News Agency reporter Li Xin
According to the risk warning, the main manifestations of the chaos of "agency rights protection" are:
1. The propaganda information is exaggerated and untrue. Criminals publish information through websites, self-media platforms, etc., claiming that they can "optimize debts", "repair credit information" and "surrender insurance in full". With "no charge if you are unsuccessful in rights protection" and "successful handling of many cases" as publicity gimmicks, fictitious successful cases to induce consumers.
Second, there are many ways to make profits. Criminals often use various "consulting companies" as a disguise to charge consumers a high proportion of rights protection commissions, handling fees, and consulting fees. Not only do consumers are required to provide identity information, contact information, etc., but also consumers are required to hand over their ID cards and bank cards to them for "safekeeping", so that they can illegally sell personal information for profit, withhold and return funds for rights protection, and even apply for credit cards and small loans on behalf of consumers without authorization to obtain funds.
3. "Rights Protection Methods" are suspected of violating laws and regulations. Criminals instigate consumers or initiate a large number of false complaints and reports in the name of consumers, provide exaggerated or false evidence, such as fabricating misleading sales, violent collection, etc., and falsely report to the police that the ID card was lost and the card was opened in a fraudulent name or the credit card was stolen.
The State Administration of Financial Supervision reminds that the chaos of "agency rights protection" may bring the following risks to consumers:
1. Facing the risk of property damage. Once consumers sign the so-called "agency rights protection" agreement, they will not only have to pay high rights protection fees, but also may be illegally embezzled and returned funds, or even be taken out of loans and credit cards, and will face financial losses.
Second, face the risk of information leakage. After consumers provide personal information, they may face the risk of information being leaked and resold. If consumers want to terminate the "agency rights protection", criminals may harass and intimidate consumers, their relatives and friends based on the information they have, and interfere with the normal life of consumers.
3. Facing the risk of legal liability. Criminals induce consumers to use suspected illegal means to protect their rights, or even be induced to participate in illegal fundraising, etc., and once consumers listen to instigation, they may be involved in illegal acts such as false police reporting, falsification of evidence, and extortion.
In order to protect the legitimate rights and interests of consumers, the State Administration of Financial Supervision reminds consumers that:
1. Rational selection of appropriate products and services. Consumers are requested to choose appropriate financial products and services from formal channels according to their actual needs, their own economic situation and risk tolerance, improve their awareness of risk prevention, and do not be tempted by "higher returns" and "full surrender" to purchase or exchange products and services that exceed their own risk tolerance, so as to avoid unnecessary disputes.
2. Safeguard their own lawful rights and interests in accordance with the law. When consumers have disputes with financial institutions due to the purchase of products or services, they should negotiate with financial institutions, apply for mediation with industry mediation organizations, report to the financial regulatory authorities, and file lawsuits with the people's courts.
3. Pay attention to the protection of personal information and property security. Consumers should properly keep their personal identity documents, bank cards, financial accounts, etc., and do not easily entrust others to handle relevant procedures on their behalf, so as to avoid illegal use, leakage, or sale of personal information, and avoid losses to personal property. If it is discovered that their lawful rights and interests have been infringed, they should preserve relevant evidence and promptly report the case to the public security organs.
Statement: Xinhua Finance is a national financial information platform undertaken by Xinhua News Agency. In any case, the information published on this platform does not constitute investment advice.
Source of this article: China Economic Information Service
Reporter: Li Yanxia
WeChat editor: Guan Qiao
Introduction to "Risk Warning: Financial Edition".
Finance is the lifeblood of the modern economy, and financial stability leads to economic stability. Financial security is related to the overall development of national and regional enterprises, and it is necessary to maintain a high degree of vigilance against financial risks at all times, enhance the awareness of risk prevention, respond scientifically, and prevent them from occurring. Under the guidance of the authoritative government departments, relying on the advanced big data public opinion monitoring system and a professional analyst team, the "Risk Warning Financial Edition" produced by the China Financial Information Center summarizes, analyzes, and judges the risk public opinion in different fields and categories of the financial industry, and provides authoritative, professional, practical, timely and effective financial risk public opinion monitoring, research and judgment, early warning and response suggestions for financial regulatory departments, factor markets, financial institutions, listed companies, industry associations, various enterprises, colleges and universities, research institutions, etc. 18,000 per year, once a week, released every Friday.
Latest Report:
【2024 May No.1】No.125: Credit card scenery is no more?
【April 2024 Issue 4】Total Issue 124: Regulatory penalties for public funds are exposed
【April 2024 Issue 3】Total Issue 123: Industry Reshuffle! How to break the game?