Business Daily | by John Mutua
Parliament has cleared a Bill that seeks to regulate mobile loan rates and treatment of defaulted credit to protect borrowers from predatory lending.
Lawmakers last Thursday gave their nod for review and debate on the proposed law that if passed will bring tens of digital and mobile lenders under the watch of the Central Bank of Kenya (CBK).
The Central Bank of Kenya (Amendment) Bill of 2020 is now before the National Assembly committee on Finance and National Planning where Kenyans and other stakeholders…
