What if non-bank licensed consumer finance encounters high risks?

You can claim compensation according to the regulations. If there is no violation of the regulations, you can't claim. Consumer finance companies are inherently risky and have no guarantee.

Consumer finance is a modern financial service model that provides consumer loans to consumers at all levels. Under the current macroeconomic situation in China, it is necessary to introduce relevant management measures in time to adapt to the trend and needs of the objective economic situation. From the perspective of financial product innovation, personal credit business is an area that traditional banks cannot fully benefit from, and a professional personal consumption financial system should be established. Consumer finance plays an active role in improving consumers' living standards and supporting economic growth. This financial service model has been widely used in mature markets and emerging markets. Because the loans issued by consumer finance companies are unsecured and unsecured, and the risks are relatively high, the CBRC has formulated strict supervision standards. The business of consumer finance companies in the pilot stage will not involve high-risk products such as real estate loans and auto loans. In addition, in order to prevent the general personal consumption loan from being used for other purposes, the CBRC also requires that the loan amount should not exceed the maximum amount of a single loan issued to borrowers in the past.