On the Legal Protection of Campus Online Loans and Its Regulation

Abstract

With the continuous development of campus online loans, many problems have emerged while bringing convenience to college students. Some campus online lending institutions have false propaganda and unfair competition, charging high and unreasonable fees when students take out loans, tempting students to “use loans to support loans”, buying and selling students’ personal privacy information, and using violent collection methods when students cannot repay the loans in time. In the face of these problems, the government should improve the supervision system of campus online lenders, establish a database to provide personal credit assessment, and schools should enhance the management of campus online lending, regularly carry out mapping work, and enhance the legal awareness of college students, while promoting the participation of governmental supervision departments, schools, and society, so that campus online lending can develop in a benign way and provide more convenience forcollege students.