Brazil enacts law to strengthen bank customer rights

migalhas.com.br (Portuguese)

President Lula sanctioned a new law establishing enhanced rights for bank and financial service users in Brazil. The legislation, effective November 4, 2025, introduces automatic salary portability, clearer credit terms, and reduced interest rates on secured loans, aiming to empower consumers. This "financial user defense code" also mandates transparency in operations and allows automatic debits between different institutions, with full implementation expected in 2026.


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Brazil enacts law to strengthen bank customer rights | News Minimalist