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China Construction Bank, local banks in Liaoning province fined for personal credit-information violations

( March 22, 2022, 03:20 GMT | Official Statement) -- MLex Summary: A local branch of China Construction Bank in the country’s northeast Liaoning province received a warning and was fined 190,000 yuan ($30,000) for violations including breaches of consumers’ financial information protection, according to an administrative penalty notice issued by the Chinese central bank's arm in Shenyang city recently. Meanwhile, Liaoning Rural Credit Cooperatives and NewUp Bank of Liaoning received warnings and were fined 1.47 million yuan and 1.99 million yuan respectively for violations including the failure to notify information subjects when supplying their bad credit records to a third party and breaches of consumers' rights and interests.The statement, in Chinese, is attached. ...

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