Penglai Rural Commercial Bank Fined 50,000 Yuan for Credit Information Rule Breaches
Deep News
Sep 11
Regulatory action has been taken against Shandong Penglai Rural Commercial Bank Co., Ltd. following an investigation by the People's Bank of China Yantai Branch.
The institution was penalized 50,000 yuan for violations related to the collection, provision, and inquiry of credit information, as disclosed in the administrative penalty public notice.
Additionally, an individual identified as Jiang Moujian was fined 10,000 yuan for bearing responsibility for the bank's non-compliant practices in handling credit information processes.
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