CBK set to spy on lenders defying consumer rights

Central Bank of Kenya. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) is seeking a consultant to spy on commercial banks and microfinance lenders in an effort to reveal consumer breaches such as hidden charges, false advertising, reckless lending, and bribery.

The consultant will be expected to conduct covert operations in the banking hall while posing as a customer in search of practices that breach the CBK guidelines on consumer protection.

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