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Online loan company in China's Hainan Province summoned over personal-data violations

( December 5, 2024, 07:57 GMT | Official Statement) -- MLex Summary: A small unidentified online loan company in Hainan Province has been summoned by local Internet and financial regulators for illegally collecting users’ personal information. The company's mobile app was found to gather sensitive personal data without clearly informing users of the purpose, method, scope, and duration of data processing, and failed to offer a separate consent option for sensitive information collection, according to the local Internet authority. The company has been told to rectify the issues, establish and improve a compliance system, conduct internal training, and improve its complaint and reporting mechanism.The statement follows: ...

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