Sunshine Consumer Finance was fined 1.4 million yuan for failing to autonomously calculate the credit limit and loan pricing.

Recently, the Beijing Regulatory Bureau of the China Banking and Insurance Regulatory Commission disclosed a fine of 1.4 million yuan imposed on Beijing Sunshine Consumer Finance Co., Ltd. The penalty showed that the company's main violations and non-compliance included: insufficient cooperation model, inadequate control of cooperation business operations, failure to independently calculate credit limits and loan pricing, inadequate post-loan management effectiveness, and inadequate management of cooperative institutions. It can be seen that the main reason for the penalty imposed on Sunshine Consumer Finance this time is the insufficient protection of consumer rights, specifically due to poor management of cooperative institutions and inadequate protection of consumer rights.