consumer lending

1 articles
BenzingaBenzinga··Bamboo Works

China's Fintech Crackdown Forces Yiren, Qfin to Abandon Core Lending Business

China's 24% interest rate cap and mandatory fee disclosure squeeze legit fintech lenders Yiren Digital and Qfin, forcing pivot to AI and SaaS services.
QFINYRDloan facilitationAI commercialization