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CRB Listing: Digital Lending Apps Count Losses After CBK Order
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Digital lending applications, which have been known for their ruthless credit collection strategies, have been left counting losses after the Central Bank of Kenya (CBK) banned them from listing defaulters on the Credit Reference Bureau (CRB). 
The lenders were cut from CRB in October 2020 a move that led them to a  percent decrease in the amount they were lending at exorbitant interest rates. 
The regulator overruled the digital lenders authorization to share data on CRBs that banned 337 unmonitored mobile lenders from submitting the names of loan defaulters to the bureau. ....

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