Financial institutions and certain bodies identified in regulation 23 of the Credit Reference Bureau Regulations 2013 are required to share both positive and negativeinformati on about customers. Positive information is any information on performing loan or other credit. Negative information on the other hand is any adverse customer information which includes non-performing loans.
Sharing of information has led to suits against the information sharing institutions with damages awarded up to Kshs 1 million. In other instances, the suits have been dismissed for technical reasons. To avoid being on the wrong end of a judgment, here are a few things to bear in mind as a customer or information sharing institution.
この記事は Think Business の April 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Think Business の April 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Understanding Alternative Investments
Understanding Alternative Investments
Need For Resilience In Changing Market Dynamics
Need For Resilience In Changing Market Dynamics
CMA Grants Licence To Online Foreign Exchange Broker
The Board of the Capital Markets Authority (CMA) has approved the grant of a license to Execution Point Limited to operate as a non – dealing online foreign exchange broker in line with the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017.
THE UK Asset Based Direct Lending Sector Attracts Overseas Investors
Since 1989, banks and building societies in Britain have been shutting branches at a rate of approximately 300 per year, a trend which has dramatically accelerated in recent years as traditional lenders respond to pressure on cutting costs, according to a recent Reuters article.
How Did Your Bank Perform In 2017?
Kenya’s 2017 macroeconomic environment was unfavorable majorly because of the tense electioneering period. Analysis from Trading Economics shows that the Kenyan economy advanced 4.4 percent year-on-year in the third quarter of 2017, slowing from a 5.6 percent expansion in the same quarter of 2016.
Ecobank Upgraded Mobile App Reaches 4 Million Users In 6 Months
Ecobank Upgraded Mobile App Reaches 4 Million Users In 6 Months
Africa Continental Free Trade Area : Impact Assessment
African heads of state and government officials met in Kigali last month to sign a deal creating one of the world largest free trade blocs since the establishment of World Trade Organization.
Equity Bank Introduces New Tariffs For The Equity Paypal Withdrawal Service
Equity Bank Introduces New Tariffs For The Equity Paypal Withdrawal Service
The Impact Of Infinite Years Of CEO's Service
The Impact Of Infinite Years Of CEO's Service
Disclosing Negative Credit Information And Its Pitfalls
Financial institutions and certain bodies identified in regulation 23 of the Credit Reference Bureau Regulations 2013 are required to share both positive and negativeinformati on about customers. Positive information is any information on performing loan or other credit. Negative information on the other hand is any adverse customer information which includes non-performing loans.
