( March 4, 2022, 02:20 GMT | Official Statement) -- MLex Summary: A local branch of Postal Savings Bank of China in the country’s central Hunan Province received a warning and was fined about 1.88 million yuan ($298,000) for violations including requests for credit information without obtaining written consent from consumers, and collection and use of personal financial information without their authorization or consent, according to an administrative penalty notice issued by the branch of China’s central bank in Changsha city recently. Two employees and one management executive at the branch were each fined 4,000 yuan for their involvement in the request for credit information. The statement, in Chinese, is attached. ...
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