Debt-shaming back as digital lenders defy CBK

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To date, the CBK has licensed 126 digital credit providers, including several that have been linked to ongoing debt-shaming violations.

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Some digital lenders are back to their old aggressive and intrusive debt collection tactics, barely three years after regulations were introduced to curb such practices.

The rogue group is back to the notorious predatory debt collection practices such as debt-shaming whereby they deploy tactics that publicly humiliate or embarrass borrowers who have defaulted on their loans.

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