---
title: "Mbadi backs law change to shield banks from loan refunds — DecisionGateway"
description: "Treasury Cabinet Secretary Mbadi supports amending the law so banks are protected from having to refund billions in loan charges, and argues the Central Bank of"
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**Decision**/Other

**Proposed**

# **Mbadi backs law change to shield banks from loan refunds**

Treasury Cabinet Secretary Mbadi supports amending the law so banks are protected from having to refund billions in loan charges, and argues the Central Bank of Kenya rather than the Treasury should approve changes to commercial bank interest rates.

## **Actors and targets**

[Mbadiproposer](https://dgw.tmarket.io/actors/01a1c8fd-4e01-7fee-a3ef-411280f7a66d)

Targets commercial bank interest ratespolicy

[**Mbadi dossier **](https://dgw.tmarket.io/actors/01a1c8fd-4e01-7fee-a3ef-411280f7a66d)

## **Source**

> Mbadi backs law change to shield banks from billions in loan refunds

*businessdailyaf · Telegram [ Open post](https://t.me/businessdailyaf/45743)*

## **Not established**

Fields the extractor could not fill from the post. They are gaps in the record, not negatives.

- Date of the decision or statement
- Exact amount of loan refunds at stake
- Specific provisions of the proposed law change
- Current legal approver of interest rate changes

## **Extracted detail**

Fields read from the post for this record type. The first group is ordered by what a reader usually needs; the rest stays collapsed.

<dl>

<dt>Decider role</dt>
<dd>CS (Cabinet Secretary)</dd>

<dt>Sector</dt>
<dd>banking</dd>

<dt>Topic</dt>
<dd>law change to shield banks from loan refunds</dd>

<dt>Rationale</dt>
<dd>CBK's capacity for oversight and enforcement</dd></dl>

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