Treasury Probes Lenders, Halts Pay

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Zimbabwe’s Treasury says it deliberately delayed remitting payroll-deducted loan repayments to some banks and microfinance firms as part of an investigation into illegal lending practices. Authorities found some lenders charging excessive interest and breaching laws that cap deductions at 50% of salaries, leaving civil servants without disposable income. Payments have resumed for compliant institutions, with only two lenders still under review.