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"id": 1097496,
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"type": "speech",
"speaker_name": "Kabondo Kasipul, ODM",
"speaker_title": "Hon. (Ms.) Eve Obara",
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"legal_name": "Eve Akinyi Obara",
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"content": "So, it has impoverished Kenyans and we must regulate the platforms like what is happening in banks. I know banks are also on the digital platforms, and as has been said by the Committee, this regulation is geared towards those that are not currently regulated. Digital credit services have been abused by the owners themselves as has been clearly alluded to by some of my colleagues and I do not want to get into details. Looking at the interest rates they charge, this has impoverished Kenyans. Secondly, there are concerns on the security of our data which they have access to. We have seen cases our data has been misused. I am not talking about all of them, because some are doing well and are controlled and disciplined. I am talking about those that are not regulated. Thank you, Hon. Temporary Deputy Speaker, once again. I support the Committee for upholding the late Hon. Oyioka’s Bill."
}