CRB listing moratorium good chance to review credit scoring

What you need to know:

  • CRBs were created to facilitate the sharing of credit information between licensed financial institutions.
  • Today, they ask you to table your credit score before you can be considered for some key job in the public sector.

  • Yet what we wanted was credible information that banks and lenders could use to price risk.

President Uhuru Kenyatta has suspended listings by credit reference bureaus as part of measures the Jubilee administration has rolled out to cushion borrowers and small-scale businesses from the economic impact of the coronavirus pandemic.

Welcome!

You're all set to enjoy unlimited Prime content.