Core Viewpoint - The traditional "dual financing guarantee" model in the lending industry is being phased out due to the upcoming implementation of the "assisted lending regulations," leading to a significant reshaping of the industry as companies explore new compliance strategies to avoid regulatory pitfalls [1][2]. Group 1: Regulatory Changes - The "assisted lending regulations" set a cap on annualized interest rates at 24%, effectively rendering the previous "dual financing guarantee" model obsolete [2]. - The regulations require clear disclosure of service and guarantee fees in cooperation agreements, impacting the overall financing cost for borrowers [2]. Group 2: New Business Models - Companies are shifting towards a "24% + notarization" model, particularly in the equipment rental and auto loan sectors, as a way to navigate the regulatory landscape [1][2]. - Some rental platforms are bundling additional fees such as notarization and insurance, which increases the actual cost for users [1][3]. Group 3: Challenges in Implementation - The new notarization models face three main challenges: the judicial system's capacity to handle small, high-frequency cases, rising consumer complaints about hidden fees, and insufficient motivation for institutions to adapt under profit pressure [1][7]. - The effectiveness of "strong notarization" is being questioned, leading to the exploration of a "composite notarization" model that balances costs and risks [4][5]. Group 4: Consumer Experiences - Consumers have reported being charged additional fees on rental platforms, significantly increasing their overall costs, with one individual noting an extra cost of approximately 5,317 yuan for a rental transaction [3]. - Complaints about hidden fees are rising, with some platforms charging between 200 to 500 yuan for notarization fees [3][7]. Group 5: Industry Outlook - The industry is undergoing a critical transition from exploratory adjustments to substantial changes, with many small institutions initially attempting to repackage existing high-rate products as compliant offerings [8][9]. - The current asset scale of products with interest rates above 36% still exceeds 50%, indicating potential systemic risks if abrupt regulatory changes are enforced [9].