Friday, December 8, 2023

Crackdown on Illegal Credit Scoring

By DAC000 , in China Fintech Regulation , at January 25, 2021 Tags: , ,

in China the Central Bank is reviewing alternative approaches to credit scoring as authorities tighten the regulatory framework on the fast growing Fintech sector. About a one minute read.

Comment: another lesson The West can learn from China: many entities are experimenting with the same alternative models as Chinese Fintechs, however we’re not seeing much of a regulatory crackdown. Might be overdue.