Core Viewpoint - Ningyin Consumer Finance has been penalized for multiple violations, totaling a fine of 1.65 million yuan, marking a significant regulatory action in the consumer finance sector [1][2][3]. Summary by Relevant Sections Violations and Penalties - Ningyin Consumer Finance was found guilty of five main violations: inadequate control over customer credit limits, issuing loans to ineligible customers, lack of due diligence in managing cooperative business, data quality deficiencies, and imprudent management of related transactions [1][2]. - The total fine of 1.65 million yuan is considered a "large fine" in the context of licensed consumer finance companies, as it surpasses the penalties imposed on other companies this year [2][3]. Impact on Management - Two key executives of Ningyin Consumer Finance were also penalized: Zhang Yang, the former Deputy General Manager of Strategic Cooperation, received a warning for lack of due diligence in cooperative business management; Zheng Xiangxiang, the former Deputy General Manager of Finance and Accounting, was warned for data quality issues [4][5]. Risk Management Concerns - The violations highlight significant risk management issues within Ningyin Consumer Finance, particularly in their online joint business operations, raising concerns about their ability to assess customer identities and manage credit risk effectively [5][6]. - The presence of "non-student commitment" clauses in loan agreements has been criticized as indicative of weak risk control practices, potentially allowing ineligible borrowers, such as students, to access loans [6].