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Digital lenders lament overreaching mandate from regulators

The Central Bank of Kenya. [File, Standard]

The Central Bank of Kenya (CBK) is one of the regulators singled out by digital lenders for overreaching its mandate on the data aspect of their businesses.

Through their lobby, the Digital Financial Services Association of Kenya (DFSAK), the lenders have raised concern over the multiplicity of regulatory mandates by supervisory bodies, sometimes on the same complaint.

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