The Central Bank is preparing measures to prevent the misuse of credit and increase the transparency of operations for consumers, with the objective of combating the indebtedness and income commitment of the Brazilian population, which have been at record levels for several years.
There is specific concern about attractive loan offers that do not clearly present the total cost of the operation, which may induce consumers to take on debts without full awareness of the conditions.
The debate also includes the possibility of creating a framework that gives special attention to people in vulnerable situations, considering experiences from other countries such as France and the United States.
In parallel, macroprudential measures are being discussed to induce greater caution from banks in offering credit, especially in more expensive lines such as credit cards and unsecured personal credit. The backdrop is a diagnosis that the high indebtedness of families is related to structural issues.
