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Digital lenders risk ban for revealing borrowers

Fintechs risk punishment for bombarding kin and friends with messages asking third parties to enforce repayment.

Parliament backs return of CRB for mobile phone loans

MPs have backed a revised Bill allowing digital lenders to resume reporting loan defaulters to credit reference bureaus (CRBs).

Pass Bill on mobile loans

The proposed law giving CBK powers to control interest rates of digital lenders is welcome given the growing popularity of these micro loans.

CBK gets powers to control mobile loan rates

CBK wants return of CRB listing for digital loans

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).