Brazil’s Central Bank approves three new credit consumer protection rules
BC reforça proteção ao consumidor com novas regras para oferta e contratação de crédito
AI-assisted source summary · not independently verified. Content standards
Brazil’s Central Bank approved three credit consumer protection rules, requiring institutions to provide a mechanism to block unsolicited credit marketing and imposing stricter prior authorization requirements for consumers who are financially vulnerable or at higher risk of over-indebtedness. Resolução BCB 601 will establish a comprehensive debt dashboard displaying debt information, cost simulations, and risk alerts; Resolução BCB 603 requires users’ prior explicit consent for credit offers when initiating transactions through Pix, and stipulates that at least 24 hours must elapse after activation before the offer can first be provided.
The rules cover unsolicited credit marketing, debt information disclosure, and Pix scenarios, clearly setting out consumer authorization, risk alerts, and the arrangements for taking effect in 2027.
Source:Banco Central do Brasil — Notícias · bcb.gov.br