The Court of Appeal has temporarily reinstated credit reference bureau (CRB) regulations which were nullified by the High Court last year, giving the Central Bank of Kenya the authority to regulate entities that help lenders to assess a borrower's creditworthiness.
The Banking (Credit Reference Bureau) Regulations 2020 were declared null and void by Justice Mugure Thande on August 28, 2023, for noncompliance with section 11 of the Statutory Instruments Act on timelines.
