Author|Zhang Yinyin&Editor|Xin Xinran

A few days ago, the Consumer Protection Bureau of my country Banking and Insurance Regulatory Commission issued the “About Now Consumer Finance Co., Ltd.

Notification of infringement of the legitimate rights and interests of consumers.

According to the report, the leveraged game found that there are 7 major aspects of violations of the legitimate rights and interests of consumers in the immediate consumption of gold.

Today, I will talk about these 7 aspects on the one hand; on the other hand, based on the annual audit report of Immediately Consumers, I will start with this company.

1. How does the immediate consumption of money infringe the rights and interests of consumers? What’s the signal behind?

Supervision has improved compared with before.

In recent months, there have been interviews, public exposures, fines, anti-monopoly investigations, etc. There are various forms of non-compliance of the platform economy, illegal collection of user information, various forms of monopoly, and behaviors that infringe on consumer rights and interests. Unprecedented punishment.

At the Dragon Boat Festival in 2021, it will be the turn of the technology and financial giants to consume money immediately. According to the report, there are mainly 7 major problems:

First, there is exaggeration and misleading in marketing and publicity, and inadequate performance of the obligation of notification. For example, for example, the publicity of the “Anyihua” APP of Immediately Consumer Money is exaggerated and misleading. There is a publicity statement of “ultra-low interest rate” on the homepage, and the actual loan interest rate is 7.2%-36%.

Also, if the pop-up window of “Quick Loan Rights” displays “Free Collection”, click it to lead consumers into the joint loan review process.

Take a loan test of Anyihua APP as an example. The loan is jointly funded by Immediately Consumer Finance and the bank, and underwritten by the insurance company. The entire loan application process does not inform the insured individual of the cost of guarantee insurance in advance, and there is no reminder of key insurance clauses. Description.

Second, product pricing management is not standardized, and individual service pricing is unreasonable. For example, Immediately Consumer Finance will manage the portion of the comprehensive capital cost exceeding 36% of the borrower’s actual loan interest, penalty interest, and early repayment handling fee as an “overpayment” management, and it is stipulated in the contract that the borrower can claim the overpayment. Payment was made, but the borrower was not notified in a significant manner on the client side. Some borrowers’ loans have been paid off, but the overpayment was not returned to the borrower’s account.

Third, the management of student loans is not standardized, and there are deviations in implementation. For example, the mother of a borrower requested to cancel the account through the customer service phone, asking whether she would stop lending to her if she knew that the borrower was a student.

The company’s customer service replied that even if it is a student, if it is their true wish and they are over 18 years old and under 60 years old, they can be released after the system review, and the final review of the APP system shall prevail.

Fourth, the partner management system is not sound, and the control is not strict. For example, there is a lack of institutional standards for the risk limit management of partners and stores. The cooperation contract with the medical aesthetics merchant lacks the agreement on training matters, and the loan limit setting is unscientific and unreasonable.

Fifth, the management of joint loans is not standardized, and there is regulatory arbitrage. There are cases where loan interest is paid to cooperative banks as service fees. For example, it is agreed with a bank in a cooperation agreement that part of the interest will be converted into financial service fees paid to the bank at an annualized rate of 1.5%.

In the joint loan business with cooperative banks, the borrower’s premiums are immediately consumed and transferred to the cooperative insurance company on a regular basis. This is the act of collecting and paying insurance premiums, but it does not have the qualifications of insurance intermediary. Later, he joined an insurance brokerage company in the business link, but it did not change the nature of the collection and payment of insurance premiums, and there was regulatory arbitrage.

Sixth, the collection management is not in place, and there are non-compliant collections. Telephone collections may disclose borrower information to unrelated third parties, insults, and attacks.

Seventh, the consumer rights protection system is not perfect, and some functions have not been implemented. For example, the “Anyihua” APP of Immediately Consumers, and the interest rates displayed on the loan application pages of some third-party cooperation platforms are not converted into annualized forms.

The disclosure of the early repayment fee standard in the announcement of product information, pricing and service content on the company’s official website is not clear. The collection of customer information in the “Privacy Policy” does not comply with the “necessary” principle. For example, the collection of “SMS records” from customers does not limit the time and scope of the collected call records, equipment, geographic location and other information.

In addition, the leverage game pays attention to 3 details.

First, this notice was sent to the China Banking and Insurance Regulatory Bureau and the local legal bancassurance institution at the same time.

Second, the report said:

The infringement of consumers’ legal rights and interests by Immediate Consumer Finance Co., Ltd. (hereinafter referred to as Immediate Consumer Finance) discovered during the inspection is hereby notified as follows…

This sentence, and combined with various previous news, we know that there may be many more consumer finance companies and technology finance companies that will be notified next.

Third, not only that, but the notification also stated that the Consumer Protection Bureau of the China Banking and Insurance Regulatory Commission will deal with the company in strict accordance with laws and regulations-which means not only notification but also punishment.

Prior to this, several Internet companies were fined.

2. Many indicators of gold consumption immediately decline

According to the 2020 audit report of Immediately Consumer Gold, many indicators of Immediately Consumer Gold declined.

For example, revenue dropped from 8.953 billion yuan in 2019 to 7.604 billion yuan in 2020.

Looking at the details of the above figure, the main reason for the revenue decline of 1.3 billion yuan is that there are more handling fees and commission expenses and the decline in revenue.

For example, leveraged games found that the renewal and commission expenses in 2019 will be 1.8 billion yuan, and the expenses in 2020 will be close to 3.4 billion yuan.

In terms of fee and commission income, it will be more than 2.8 billion yuan in 2019, and it will drop by more than 1.6 billion yuan in 2020.

This increase and decrease will cause the net fee and commission income in 2020 to turn negative, and it will be negative more than 1.7 billion yuan. In 2019, this figure will be more than 1 billion yuan.

This change may be closely related to the changes in the regulatory situation in 2020.

At the same time as revenue declines, the profit index for immediate consumption of gold also decreases.

As shown in the figure below, both operating profit and total profit have declined compared with 2019. The final net profit fell from 853 million yuan in 2019 to 712 million yuan in 2020.

At the same time, leveraged games also noticed that the total assets of Immediately Consumer Gold will be 52.5 billion yuan in 2020, slightly lower than the 54.8 billion yuan in 2019.

The accounts receivable for immediate consumption rose from 479 million yuan at the end of 2019 to 624 million yuan in 2020.

As shown in the figure above, it is mainly due to the increase in joint loan receivables from over 200 million yuan at the end of 2019 to over 600 million yuan at the end of 2020.

How much can be recovered, and how much can never be recovered?

3. Can it still hit the market?

In September 2020, the official website of the China Banking and Insurance Regulatory Commission announced a news that the Chongqing Banking and Insurance Regulatory Bureau agreed in principle to immediately issue A shares by consumer finance companies. After deducting the issuance costs, all the proceeds from the issuance should be used to supplement the company’s core tier one. capital.

Immediately consumer finance was one of 26 consumer finance companies approved by the China Banking and Insurance Regulatory Commission at that time. According to its official website, it officially opened in June 2015 and completed three capital increase and share expansion in 2016, 2017, and 2018, with a registered capital of 4 billion yuan.

Shareholders include Chongqing Department Store Co., Ltd., Beijing Zhongguancun Kejin Technology Co., Ltd., Wumart Technology Group Co., Ltd., Bank of Chongqing Co., Ltd., Sunshine Property Insurance Co., Ltd., Zhejiang China Commodity City Group Co., Ltd., and a new round of strategy Investors CICC, CITIC Construction Investment and Chongqing Liangjiang New District and other central enterprises and local state-owned assets background capital.

In the camp of consumer finance companies, the consumption of money is the first echelon. The registered capital is second only to the newly approved Ant Financial, and the already opened Home Credit and Ping An Consumer.

Previously, the industry big brother Home Credit Consumer Finance originally submitted a listing application to the Hong Kong Stock Exchange in July 2019, but withdrew the application in November 2019.

In 2020, Immediately Consumer Gold was awarded the road of Chongqing Banking and Insurance Regulatory Commission, which gave people a lot of reveries. The valuation of Immediately Consumer Gold also ranks among the top unicorns.

Later, we learned that the Ant Group was suspended at the last minute of its listing, and then launched an in-depth rectification of Internet giants and Internet finance.

Since the birth of technology finance companies, there have been many questions and complaints.

In addition to this naming notification, in 2019, 17 financial apps were named for collecting personal information, and the Anyihua under Immediately Consumer Gold was among them.

According to the current situation, it may take a while to immediately eliminate the current major troubles.

As for listing…

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The unique design enables the Su-17/22 to fly at low altitudes at high speed or at high altitudes at supersonic speeds. Weapons are quite diverse and for a long time it is always the nightmare of any ground force confronting them. Su-17/22″ fighter Su-22M4 is the last production variant of this swing-wing fighter with significant upgrades to the avionics including: RSDN navigation system, inertial navigation system, range measurement system. laser way, radar warning system SPO-15LE, in addition on the aircraft design additional air intake slots to have more airflow to cool the engine. Su-22M4 – the most powerful variant of this fighter line After the dissolution of the Soviet Union, Russia inherited a lot of this fighter, this is also the only single-engine supersonic fighter that Russia owns, they continue to serve effectively in the frontline air force. and it was not until 1996 that they were completely scrapped to be replaced by more modern fighter lines.

Here are 6 fruits that “belly fat” association should take care of regularly. 1. Peaches Peach looks like that but contains very few calories, especially rich in phenol and catechin, so it can increase satiety, effectively eliminate edema. At the same time, peaches also help to speed up the process of burning fat in the body so you should eat more peaches! 2. Grapefruit Never underestimate the great benefits of grapefruit. The aroma from the grapefruit can help suppress the appetite and because this fruit contains many fat-breaking enzymes, it can aid in reducing fat round 2 very effectively. Just eating a few grapefruit each day can speed up weight loss already. 3. Cantaloupe Cantaloup has anti-inflammatory effects on the body, thereby preventing the risk of fat accumulation in round 2. In addition, eating melon regularly can also help eliminate toxins effectively, so you should take care of your food. More! 4. The apple Apples are rich in water-soluble fiber, which can aid in smooth bowel movements. Eating before a meal also helps to increase feelings of fullness and better reduce cravings for the day. 5. Blueberries Blueberry is known as “the strongest fruit for lower belly fat” because it is rich in antioxidants so it can prevent fat from accumulating in the body. 6. Pomegranate Pomegranate contains polyphenol antioxidants, so it not only makes the skin more beautiful, but also promotes the detoxification process in the body, thereby enhancing the fat metabolism rate. Source and photo: Ettoday, Pinterest

Regarding RichChoi’s elimination after the Rap Viet casting round, Caia said: “I just think this is a game, so what the result, RichChoi did very well. RichChoi has nothing to be sad about being eliminated from Rap. Viet. Before that, RichChoi and I also encouraged each other to continue to gain experience. Anyway, the competition in the competition is good for us “. Before the idea that RichChoi was eliminated because he was a “old” face, won the King of Rap runner-up, Elder Sister said: “In my opinion, this is a reason not valid. The organizers and the jury are both reputable people in the profession, so they will make their own decision. I believe those are the right decisions. ” Ms. Ca, RichChoi and some King of Rap contestants participated in the casting Rap Viet season 2. When asked about the contest in the casting round, Ms. Ca said: “I think the quality of the performance should let the audience appreciate it and I just know I have tried to change my style. I am satisfied with that part of the exam but whether to stay or go does not depend on me. I see the chances of entering the round right now are only 50-50 ”. “About the style in Rap Viet I cannot say before because it depends on the results and developments in the coming days. If I can go inside, I will show a whole new image, ”he continued. Elder sister and RichChoi are members of the LOCOBoiz team. In 2020, they competed for King of Rap. Elder sister reached the top 10, while RichChoi won the show’s runner-up. On April 20, they joined Rap Viet’s second season casting in Hanoi. Ms. Ca said that after the success of King of Rap, his job was more stable. The rapper has more shows and a good income to take care of on his own.

Chelsea advanced to the Champions League semi-finals for the first time in seven years, despite a 1–0 defeat in the second leg. Surprisingly, in Tuesday night’s game, Thomas Tuchel’s side failed to score and Porto did just that. In theory, the Blues’ expected goal tcoring (xG) is 1.1 and Porto’s is 0.6.

The same happened during PSG’s match against Bayern at the Parc des Princes. The home side played better, creating an expected 2.1 goals that did not once put the ball into the net, eventually receiving a 1–0 defeat to Bayern with only 1.3 goalscoring ability.

Fortunately for PSG, they have built a very good foundation from the first leg with a capital of three away goals. It was also a strange result, because in reality, Bayern were the better team that day. Hansi Flick’s pupils made 31 tackles and an expected goal t3.6, while PSG were much lower, just 1.3.

Bayern were eliminated after making 45 shots in two legs against PSG

These figures show that the Champions League is really attractive, fierce and extremely unpredictable. The team that played better, created more chances is unlikely to have won, and the winner is unlikely to be the team to go on. The result depends on quite a few factors and luck is an important factor. But above all, don’t lose in the first leg.

This seems bad news for Liverpool and Dortmund, who are plotting a comeback. Especially when they played very disappointingly in the first leg. Liverpool had an expected 0.83 goals in a 1–3 defeat to Real, while Dortmund were 0.97 in a 1–2 loss to Man City. According to analysis from the Euro Club Index, the yellow-and-black team has only a 13% chance of going on. Liverpool are slightly higher at 15%.

History of course doesn’t stand for under-weakers. In 13 defeats in the first leg of the knock-out rounds in European competition, Liverpool were eliminated up to 11 times. Similarly to Dortmund, they were eliminated from the Champions League 6/7 times in the first leg.

According to analysis from the Euro Club Index, Liverpool have a 15% chance of going on

Sometimes the feat occurs, as in the 2018/19 season Liverpool won 4–0 against Barca to reverse the previous 0–3 loss. But you know, if it happened often people didn’t call it a feat.

Not everything against Dortmund and Liverpool, though. Unlike Bayern and Porto, they played the second leg at home, and at home indeed, Signal Iduna Park with Anfield, rather than on the ground.

In addition, the task of both is also simpler with 1 goal achieved away. This is a huge advantage. Of those who won 2–1 in the first leg of the Champions League at home, the number of teams eliminated (15) was more than the next (12). And Real, who have played in the European Cup 10 times, led 3-1 at home, but were eliminated four times.

Liverpool on a legendary night out against Barca in 2019

So anything can happen. But quite certainly, Liverpool and Dortmund were forced to be better than themselves a week ago. They don’t need to create a lot of chances often, but when it comes, even with a very small table-to-table ability, they have to immediately turn them into goals.

Finally, you know, Champions League success has to do with luck. Liverpool, like Dortmund, should hope it is on their side so that everything they do is correct. As in 2019 at Anfield, Georginio Wijnaldum coming on as a substitute for Andrew Robertson was perhaps the best decision Juergen Klopp had ever made, with Divock Origi suddenly making a hero and telling him from God that Alexander-Arnold launched an unprecedentedly daring corner kick.

A crazy result can only be made up of moments of madness, and every number is always for reference only.