Chamber approves urgency for Desenrola project and that limits card turnover

The Chamber of Deputies approved on Monday night (4) the urgency requirement for the bill that limits to 100% interest on credit card revolving and deals with Desenrola, a federal government program to renegotiate debts. The text was approved by 360 votes in favor of 18 against.

With the urgency regime, the proposal can be voted in plenary without going through the committees of the Chamber. Bill 2685/22, by Deputy Elmar Nascimento (União-BA), refers to the National Monetary Council (CMN) the setting of limits for credit card interest. The revolving rate is at 437.3% per year, according to the Central Bank.

According to the preliminary opinion of the project’s rapporteur, Deputy Alencar Santana (PT-SP), the CMN will have 90 days, from the proposal of the credit card issuers, to set the limits for interest and charges charged in the installment of the invoice in the rotating and installment modalities, informed the Chamber Agency.

Santana included in the project the entire text of Provisional Measure 1176/23, which created the Desenrola Brasil program. In addition, portability of credit card debt and other debts related to it was added to the project. With this, the consumer will be able to seek lower interest offers to pay off the debt.