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Central Bank rescues borrowers from fangs of digital loan sharks

Regulator has published new regulations barring firms from listing defaulters of Sh1,000 or less with CRBs. [File, Standard]

Digital lenders shaming debt defaulters or reporting their names to Credit Reference Bureaus (CRBs) for not paying loans of up Sh1,000 now face fines and closure as they officially come under regulation.

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