Core Viewpoint - The article highlights the alarming practices of high-interest lending apps like "Yun Dou Hua," which have rebranded from "Yun Dou Fen" to evade regulatory scrutiny while continuing to exploit consumers with exorbitant interest rates and aggressive collection tactics [1][3][5]. Group 1: User Experiences - Users like Li Fei and Zhang Bin have reported being trapped in a cycle of debt due to high annualized interest rates, with Li Fei facing a staggering 1460% rate and Zhang Bin experiencing an 876% rate [1][4]. - Complaints on platforms like Black Cat Complaints indicate a pattern of short-term loans with high interest, where users face harassment from collection agents after missed payments [4][6]. Group 2: Company Operations - "Yun Dou Hua" is linked to Shanghai Zui Meng Zhe Internet Technology Co., which has no financial business licenses and has been involved in multiple rebrandings to avoid regulatory action [5][10]. - The app operates under a "borrowed shell" model, where it is part of a larger network associated with "Kua Niu" capital, which has a history of high-interest lending practices [6][8]. Group 3: Regulatory Issues - The article points out significant regulatory gaps, particularly in how banks manage their lending partnerships, allowing funds to flow into unregulated platforms like "Yun Dou Hua" [9][10]. - Users are required to sign blank contracts, which enables the platform to impose hidden fees and complicates the process of seeking recourse in disputes [10].