B · Normal
[Mutual Finance Association issued self-discipline notice: 8 APPs use marketing terms in violation of regulations] On November 2, the Internet Finance Association of China organized a special monitoring of illegal activities in the online marketing of financial products in accordance with the relevant requirements of Article 31 of the "Measures for the Administration of Online Marketing of Financial Products" to "cooperate with the financial management department to carry out daily monitoring of online marketing of financial products and promptly transfer clues to relevant problems." This self-discipline notification reported the illegal use of marketing terms by 8 APPs. The names of the 8 APPs are: Yaoxianghua, Youdao Financing, Xiaoxiang Wallet, Tianxia Financing, Banyan IOU, Zhongan Dai, Tongtong Financing, and 58 Haodai. The violations are all based on the illegal use of "low-threshold" promotional terms. The self-regulatory notification requires that the above-mentioned App operators should complete rectifications within 15 working days from the date of publication of this notification, and submit the rectification results to the association's mailbox. If rectification is not made within the time limit or the rectification is not in place, the association will take self-disciplinary management measures accordingly and transfer it to the relevant financial management department for processing.
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