Nairobi, July 15 -- Complaints to the competition watchdog about digital lenders' hidden charges, change of borrowing terms and premature assets seizure amid tighter regulations aimed at curbing predatory lending.

Data from the Competition Authority of Kenya (CAK) show complaints from borrowers rose to 355 cases in the year to June last year, up from 67 the previous year.

The financial services sector accounted for the most customer complaints in the year, accounting for 61.6 percent of reports filed with the competition watchdog or 564 instances out of 915 total cases.

The CAK says grievances against the digital lenders were mainly about false and misleading representations and unreasonable conduct.

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