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Banking in Tanzania: Year in review 2020


Financial consumer protection regulations
In January, we published an update on the new Bank of Tanzania Regulations on financial consumer protection. The update explored key provisions of the Bank of Tanzania (Financial Consumer Protection) Regulations that were published as Government Notice No. 884 of 2019 (the
Regulations). Key players under the Regulations are the financial consumer, the financial service providers and the Bank of Tanzania (
BOT).
The Regulations make it imperative for financial service providers to adopt policies and a mechanism for ensuring financial consumer protection. Every financial service provider must have a structure of governance that ensures effective implementation of consumer protection. The Regulations also provide for non-discrimination of consumers and the need for financial service providers to adopt transparent consumer contracts with fair terms. The Regulations also provide for the requirement of financial service provider ....

Hadija Issa Areraryv Tanzania Postal Bank , United Nations Development Programme , Deposit Taking Microfinance Service Providers Ndts , Community Microfinance Groups , Tanzania The Court , Microfinance Service Providers Msps , Credit Cooperative Societies , High Court , Tanzania Regulations , Financial Consumer Protection , Government Notice , Hadija Issa Arerary , Tanzania Postal Bank , Policy Statement , Microfinance Service Providers , Non Deposit Taking Microfinance Service Providers , Cooperative Societies , Community Microfinance , ஒன்றுபட்டது நாடுகள் வளர்ச்சி ப்ரோக்ராம் , சமூக நுண்நிதி குழுக்கள் , தான்சானியா தி நீதிமன்றம் , நுண்நிதி சேவை வழங்குநர்கள் ம்ஸ்ப்ஸ் , கடன் கூட்டுறவு சமூகங்கள் , உயர் நீதிமன்றம் , தான்சானியா ஒழுங்குமுறைகள் , நிதி நுகர்வோர் ப்ரொடெக்ஶந் ,