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Government and Policy

40 Digital Lenders To Be Audited After Breaching Data Laws

BY Juma · October 5, 2022 11:10 pm

KEY POINTS

ODPC received 1030 complaints to September this year. It admitted 555 of them where 299 were about digital lenders.

The Office of the Data Protection Commission (ODPS) will audit at least 40 digital lenders after they breached data protection laws against their customers.

The ODPS received about 1030 complaints and admitted 555 of them, and about 299 were directed to the 40 digital lenders.

Here is the full list of the 40:

This audit comes at a time the government through the Central Bank of Kenya is trying to clean the digital lending industry in an effort to “get rid of rogue operators.”

All digital lenders in Kenya are now regulated by the Central Bank of Kenya and over 60 percent of them are still being vetted before being issued new licenses.

Under the new regulations, they are not allowed to call, send messages or threaten their customers. Kenyans have been urged to report any lender who will threaten them so that their licenses can be revoked.

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. (020) 528 0222 or Email: info@sokodirectory.com

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