Prime

CBK bars digital mobile lenders from CRB listing

CBK said delinking unregulated digital mobile lenders from CRBs was as a result of the public outcry over widespread misuse of the credit information sharing (CIS) mechanism. FILE PHOTO | NMG

By  CONSTANT MUNDA

Correspondent

The Central Bank of Kenya (CBK) has barred unregulated digital mobile lenders from forwarding the names of loan defaulters to credit reference bureaus (CRBs) and stopped the blacklisting of borrowers owing less than Sh1,000.

CBK said delinking unregulated digital mobile lenders from CRBs was as a result of the public outcry over widespread misuse of the credit information sharing (CIS) mechanism.

PAYE Tax Calculator

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

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME CMA questions hit Kenya sale of Dangote shares

  2. PRIME How repeat Dubai trips exposed high-end phones smuggling route at JKIA

  3. PRIME CBK seeks power to raid, oust top bosses at payment firms

  4. PRIME From Olympic gold to sobriety: Wilfred Bungei’s second race

In the headlines

View All