From Cognoscenti By Mark T. Williams December 5, 2013 Bitcoin is not a futuristic currency...
Banking Act and Banking (Increase of Rate of Banking and Other Charges) Regulations of 2006 (consumer protection-related)
(amended through 2010)
The Banking Act and Banking Regulations of 2006 have implications for consumer protection in Kenya as they regulate the limits on interest recovered on defaulted loans and the misleading advertisement for deposits. They also prohibit the charging of fees on savings and fixed deposit accounts, requiring approval by the Minister of Finance if a bank wishes to increase its rate of banking.