Thursday, April 16, 2020

CRBs Asked To Delist Kenyans From The Blacklist

    April 16, 2020   No comments

The three Credit Reference Bureaus (CRBs) will have to remove a majority of Kenyans from the blacklist as ordered by the Central Bank. 

Metropol CRB, Transunion CRB and Creditinfo CRB were directed to remove defaulters blacklisted as a result of failing to repay loan amounts below ksh1000.

CBK


CBK on Tuesday 14th April announced new regulations affecting how the CRBs are going to be collecting borrowers' information a move to safeguard the Kenyan consumers. 

The CRBs were also ordered to stop collecting borrowers' information from lenders not licensed by the CBK including digital lenders and Credit-Only companies. 

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Mwabaya Katana

About Mwabaya Katana

Mwabaya is an experienced and talented finance content creator based in Kenya. He is the Founder of Loans Kenya Blog.

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