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CBK Ordered to Suspend New Lending Rules Affecting Kenyans

Source: The Kenya Times By Janeffer Katila

CBK Ordered to Suspend New Lending Rules Affecting Kenyans

The Kenya Times ~ Trending, Breaking News and Videos

CBK Ordered to Suspend New Lending Rules Affecting Kenyans

Parliament has directed the Central Bank of Kenya (CBK) to suspend the rollout of proposed regulations governing non-deposit-taking credit providers, citing concerns about excessive administrative powers, unlawful penalties, and weak legal drafting. The National Assembly’s Delegated Legislation Committee, chaired by Ainabkoi MP Samuel Chepkonga on November 12, questioned whether the proposed regulations complied with the […]

This post CBK Ordered to Suspend New Lending Rules Affecting Kenyans first appeared on The Kenya Times ~ Trending, Breaking News and Videos and is written by Janeffer Katila

In brief

The Kenya Times ~ Trending, Breaking News and Videos CBK Ordered to Suspend New Lending Rules Affecting Kenyans Parliament has directed the Central Bank of Kenya (CBK) to suspend the rollout of proposed regulations governing non-deposit-taking credit providers, citing concerns about excessive administrative powers, unlawful penalties, and weak legal drafting. The National Assembly’s Delegated Legislation Committee, chaired by Ainabkoi MP Samuel Chepkonga on November 12, questioned whether the proposed regulations complied with the […] This post CBK Ordered to Suspend New Lending Rules Affecting Kenyans first appeared on The Kenya Times ~ Trending, Breaking News and Videos and is written b…

This is the opening of the story, shared with credit to The Kenya Times. The rest of the report — with every detail — continues on the publisher’s website.

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