Parliament backs return of CRB for mobile phone loans

Telecom operators will pay customers up to Sh30 per day for dropped calls if Parliament adopts a revived Bill that imposes a penalty for voice service outages. PHOTO | POOL

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

The parliamentary committee on Finance and National Planning approved the Central Bank Amendment Bill 2021 and agreed to include a clause to allow digital lender submit reports to the CRBs.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.