Regulatory Alerts2025-06-12
Non-Bank Lenders Circular – Credit Information Act
The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has directed all non-bank lenders to comply with the newly commenced Credit Information Act, 2021. Under this legislation, non-bank lenders must legally submit prescribed consumer credit data to a licensed credit bureau authorized by the Bank of Botswana. This mandatory reporting establishes standardized guidelines for collecting and sharing consumer information to improve credit risk assessment and lending affordability.
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