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Brand AI

Renrendai

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2020

    Renrendai enters wind-down amid repayment difficulties; discounted emergency transfer channel sparks lender controversy

    In 2020, Renrendai experienced repayment difficulties and stopped new business, launching an emergency transfer channel through which lenders could voluntarily transfer claims and exit at about 70% or 65% of value. Lenders questioned whether discounted exits were fair and whether disclosures of overdue and outstanding amounts were true, and the platform shifted to collection and batch lawsuits against borrowers. Progress: media reports. Subject involved: Renrendai. Scope: lenders on Renrendai's online lending platform.

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