Reserve Bank Of Zimbabwe Targets Banks Over Abusive Loan Practices And Debt Traps

WIRE — Banks On Notice As RBZ Targets The Lending Practices Affecting Thousands Of Zimbabweans The Reserve Bank of Zimbabwe (RBZ) has targeted banks and microfinance institutions over abusive loan practices and debt traps, warning that lenders which push already struggling borrowers deeper into debt or use unfair debt recovery methods could face regulatory action. The warning The post Reserve Bank Of Zimbabwe Targets Banks Over Abusive Loan Practices And Debt Traps appeared first on iHarare News.

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