Chinese P2P Lenders Are Still Having Trouble Finding Bank Custodians

, , Comments Off on Chinese P2P Lenders Are Still Having Trouble Finding Bank Custodians

Just a month ago, the China Banking Regulatory Authority (CBRA) imposed a new policy that would require all P2P lenders to appoint a commercial bank as a custodian to their client’s funds. In the face of numerous scandals plaguing P2P lenders …
( read original story …)