×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Fines galore as State targets greedy lenders

[Photo: Courtesy]

Reckless lenders will be slapped with hefty fines according to a proposed law that seeks to regulate all providers of financial products and services.

The Financial Markets Conduct Bill 2018, which Treasury hopes will inject discipline into the financial sector, is also deliberately tailored to convince lawmakers to drop their hard stance on the interest rate cap.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902