The Chamber approves an urgent bill that sets a ceiling for renewable interest for credit cards | Policy

In practice, this allows the text to be discussed directly in plenary, without going through the thematic committees of the Council. Voting on the merit (final analysis) of the proposal can take place until Wednesday (6).

A credit card revolving credit is triggered when the customer has not paid the card bill in full. The remainder then enters a position known as vertigo.

The proposal under discussion in the Chamber sets a ceiling for collection and a period 90 daysSince the law was promulgated, credit card issuers are required to submit a regulatory proposal, to be approved by the National Monetary Board (CMN).

If not, the total amount charged to interest and finance charges It cannot exceed the principal amount of the debt.

The project is also expected The possibility of transferring the credit card debt balance and installment operations for the debt balance. According to the rapporteur, Rep. Alencar Santana (PT-SP), the goal is to stimulate competition and lower interest rates.

The list will be under the responsibility of CMN.

The proposal also includes “Desenrola,” a program to renegotiate federal government debt. The initiative is divided into two tracks:

For people who earn up to two minimum wages or are registered in the Unified Register (CadÚnico). In this case, the government will offer a debt renegotiation guarantee of up to R$5,000, registered in 2022. The financing can be provided in up to 60 installments.

For people who have bank debts, who will be able to renegotiate directly with the financial institution. The operations of this group will not be guaranteed by the union, but the government will offer the banks a regulatory incentive in return for discounting the debt.