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Brazil to Cap Credit Card Rates Averaging 450% at 100%

Brazil to Cap Credit Card Rates Averaging 450% at 100%
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Brazil to Cap Credit Card Rates Averaging 450% at 100%

(Bloomberg) Brazil’s Senate approved legislation to limit the growth of credit card debt to 100% of its original amount, an attempt to cap interest rates that currently average nearly 450%.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Survey SaysBig Tech Spared as Bond Selloff Rattles Stocks: Markets WrapThe Secret Plot Against the Head of the World H

Bloomberg businessweekMaria eloisa capurroBloomberg brazil senateCard rates climbMaria eloisaCredit card debtInterest ratesRevolving credit

Brazil Moves to Put a 100% Cap on Credit Card Rates They Now Average 450%

(Bloomberg) Brazil’s lower house of congress approved a bill that limits the growth of credit card debt to 100% of its original amount as part of a plan to rein in interest rates of about 450% a year that are charged on consumers who fall behind on payments.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Sh

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Brazil Moves to Put a 100% Cap on Credit Card Rates They Now Average 450%

Brazil Moves to Put a 100% Cap on Credit Card Rates They Now Average 450%
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Luiz inacio lulaPresident luiz inacio lulaCard rates climb

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