Recently, the Central Bank issued “Credit Institution Regulatory Guidelines.”The main points of this guideline includes: establishment of consumer credit institutions safety requirements; measures to examine and record credit institutions; requirements for credit institutions to establish a guarantee fund based on 10% of a company’s total registered capital; requirements to conduct on-site inspections for credit institutions; and requirements to enhance the security and protection of information. The Central Bank has yet to issue the individual consumer credit reporting license to the first 8 private companies. Even more companies are applying to be considered in the second wave. The issued “guideline” will standardize the development of credit bureaus and credit institutions.