Over half of China’s online lenders have run into trouble by failing to comply with data privacy rules; Renmin University and Nandu Personal Data Protection Research Centre conducted a survey of over 200 finance apps and found more than 110 to be in low compliance; the issues include collecting phone numbers from users’ contact lists which can be used to harass and shame borrowers who fall behind; most apps also lacked a privacy agreement when signup occurs, which doesn’t allows users protection from the company. Source.