China Citic Bank fined again!Due to poor credit card management, the sub-center was fined 300,000 yuan

2022-05-06 0 By

The Suzhou branch of The credit card center of China Citic Bank Co LTD was fined 300,000 yuan for poor management of its credit card business.According to the CBRC website, the suzhou BRANCH of the CBRC issued the punishment according to Item 5 of Article 46 of the Banking Supervision and Management Law of the People’s Republic of China.According to the provisions of the law, banking financial institutions that seriously violate the rules of prudent operation shall be ordered by the Banking supervision institution of The State Council to correct and be fined between 200,000 yuan and 500,000 yuan.If the circumstances are especially serious or the party fails to correct within the time limit, it may be ordered to stop business for rectification or its business license may be revoked;If the case constitutes a crime, criminal responsibility shall be investigated according to law.In the fourth quarter of 2021, the number of credit card complaints filed by Citic Bank was 2,673, higher than the median of 2,485 complaints filed by joint-stock commercial banks, accounting for 77.4 percent of the total number of complaints filed by Citic Bank, caijing World weekly found in the official website of the China Banking And Insurance Regulatory Commission.Weekly (article | the financial world Deng good one)