Kenya passes new law against lenders that share personal data

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Kenya’s banking regulator can now revoke permits of digital lenders that share personal data of customers with third parties, TechCrunch reports. A new clause added to a law passed by the National Assembly requires digital lenders to be licensed by the Central Bank of Kenya, rather than simply register, to combat rogue lenders. The clause also gives the bank the ability to suspend lender licenses when they breach the Data Protection Act or Consumer Protection Act.
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