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CBK wants return of CRB listing for digital loans
Wednesday July 14 2021
By OTIATO GUGUYU
Summary
The Central Bank of Kenya (CBK) has asked Parliament to revise a proposed law to allow digital lenders to resume reporting customer loan defaults to credit reference bureaus (CRBs).
Digital lenders were ordered to stop filing reports with CRBs in April last year in what the regulator said was in response to widespread abuse of the credit profiling system.
The Central Bank of Kenya (CBK) has asked Parliament to revise a proposed law to allow digital lenders to resume reporting customer loan defaults to credit reference bureaus (CRBs).