{"id":13009,"date":"2024-02-12T11:43:11","date_gmt":"2024-02-12T11:43:11","guid":{"rendered":"https:\/\/www.getufm.co.ke\/?p=13009"},"modified":"2024-02-12T11:46:54","modified_gmt":"2024-02-12T11:46:54","slug":"court-suspends-ruling-barring-saccos-from-sharing-members-details-with-crbs","status":"publish","type":"post","link":"https:\/\/www.getufm.co.ke\/?p=13009","title":{"rendered":"Court Suspends Ruling Barring Saccos From Sharing Members&#8217; Details With CRBs"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"350\" src=\"https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/02\/A-collage-of-Kenya-Union-of-Savings-Credit-Cooperatives-KUSCCO-Offices-in-Upperhill-left-and-a-person-holding-Kenyan-notes-right.jpg\" alt=\"\" class=\"wp-image-13010\" srcset=\"https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/02\/A-collage-of-Kenya-Union-of-Savings-Credit-Cooperatives-KUSCCO-Offices-in-Upperhill-left-and-a-person-holding-Kenyan-notes-right.jpg 700w, https:\/\/www.getufm.co.ke\/wp-content\/uploads\/2024\/02\/A-collage-of-Kenya-Union-of-Savings-Credit-Cooperatives-KUSCCO-Offices-in-Upperhill-left-and-a-person-holding-Kenyan-notes-right-480x240.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 700px, 100vw\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Saccos across the country will now share details of their members with the Credit Reference Bureau (CRB) after a Court of Appeal ruling.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Court of Appeal on Friday, February 9, suspended a ruling the High Court delivered in September 2023 nullifying the Banking (Credit Reference Bureau) Regulations 2020.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A three-judge bench, Asike Makhandia, Mumbi Ngugi, and Mwaniki Gachoka, declared the ruling had been suspended pending a hearing and determination of an appeal filed by the Central Bank of Kenya (CBK).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;We accordingly allow the application and grant an order that the declaration issued by the High Court that the Banking (Credit Reference Bureau) Regulations 2020 are null and void for non-compliance with section 11 of the Statutory Instruments Act 2013 be and is hereby suspended pending the hearing and determination of the applicant\u2019s appeal,&#8221; read part of the ruling.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CBK had appealed the High Court ruling arguing that if the regulations are nullified it <a href=\"https:\/\/www.kenyans.co.ke\/news\/81613-cbk-changes-crb-laws-barring-kenyans-taking-loans\">would not be in a position to regulate CRBs and the financial system <\/a>in the country as outlined in the Constitution.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saccos across the country will now share details of their members with the Credit Reference Bureau (CRB) after a Court of Appeal ruling. The Court of Appeal on Friday, February 9, suspended a ruling the High Court delivered in September 2023 nullifying the Banking (Credit Reference Bureau) Regulations 2020. A three-judge bench, Asike Makhandia, Mumbi [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,3],"tags":[],"class_list":["post-13009","post","type-post","status-publish","format-standard","hentry","category-business","category-news"],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/posts\/13009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13009"}],"version-history":[{"count":1,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/posts\/13009\/revisions"}],"predecessor-version":[{"id":13011,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=\/wp\/v2\/posts\/13009\/revisions\/13011"}],"wp:attachment":[{"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.getufm.co.ke\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}