Core Viewpoint - The "24% + rights" model is rapidly emerging as the mainstream transformation direction for lending platforms, replacing the "dual financing guarantee" model, amidst the impending implementation of new lending regulations in two months. However, the various tactics involved in rights services make it difficult for borrowers to navigate, as they still struggle to escape the underlying issue of circumventing the 24% interest rate cap [1][12][14]. Group 1: Current Trends in Lending Platforms - The "24% + rights" model has surfaced as a significant transformation strategy for lending platforms following the new regulations set to take effect on October 1 [12][14]. - Regulatory bodies are increasingly scrutinizing the "24% + rights" model, focusing on whether it involves disguised sales tactics or violates the 24% interest rate cap [12][13]. Group 2: Borrower Experiences - Borrowers are encountering various hidden fees and tactics, such as mandatory membership fees that are not clearly disclosed, leading to unexpected costs during the borrowing process [2][3][9]. - The "pay first, enjoy later" model, while seemingly more secure, often results in borrowers facing higher fees than anticipated, complicating their ability to seek refunds [7][10]. Group 3: Regulatory Concerns - Recent regulatory inquiries have targeted the practices of lending platforms, particularly regarding the transparency and legitimacy of membership fees and rights services [12][13]. - The regulatory focus aims to address the potential for platforms to circumvent the 24% interest rate cap through bundled services and unclear pricing [12][14]. Group 4: Industry Challenges - The sustainability of the "24% + rights" model is questioned, as it may not cover the operational costs of lending platforms if membership services are required to be transparent and voluntary [14][15]. - The ongoing tension between compliance with regulations and the pursuit of profitability is expected to continue, with no clear resolution in sight [14][15].