Hebei Shengzhou Rural Commercial Bank Fined 451,000 Yuan for Violations Including Unauthorized Credit Information Collection

Blue Whale News, March 20 — Recently, the Hengshui Branch of the People’s Bank of China published an administrative penalty decision notice targeting Hebei Shenzhou Rural Commercial Bank Co., Ltd.

The penalty notice shows that the main violations by Hebei Shenzhou Rural Commercial Bank Co., Ltd. include violations of regulations related to the collection, provision, and inquiry of credit information, as well as failure to perform customer identity verification duties as required.

In response to these violations, the Hengshui Branch of the People’s Bank of China fined them 451,000 yuan.