It’s time to keep digital lenders on a tight leash

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Central Bank of Kenya. FILE PHOTO | NMG

Digital lenders found to be involving third parties in contracts with their borrowers to put undue pressure on defaulters should be reined in with as much force and finesse as possible.

It is a cardinal rule in contracts that the parties are protected by confidentiality clauses and personal data can only be issued on orders of the court.

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