Lendingbao's response was exposed by CCTV: a special working group has been set up to conduct comprehensive verification and rectification, and the new IOU service has been suspended

Golden Ten Data reported on March 16 that in response to the problems exposed by CCTV, Lendingbao issued a statement saying that a special working group has been set up to conduct comprehensive verification and rectification. Loan Bao said that the company’s business has always adhered to the operation of compliance with laws and regulations, and all products are strictly implemented in accordance with relevant regulations. For the problems exposed this time, the company will actively cooperate with relevant departments to conduct in-depth investigations and properly deal with them according to the results of the investigation. At the same time, LendingPal announced the suspension of the new IOU service in order to focus more on the user experience and service quality of existing users.