Government and banks have not yet reached an agreement on interest that will be charged for payroll loans to private sector workers. Finance Minister Fernando Haddad defended on Wednesday, 29, after the meeting at Planalto to present the proposal to the banks, that there is a ceiling. Financial institutions reject the idea.
“This (the level of interest) will be a matter deliberated by the president (Luiz Inacio Lula da Silva) in the referral,” said Haddad. Government technicians argue that there should be limits in this type of credit to avoid “abuse”. One of the Government’s ideas is to expand the use of FGTS, which acts as a worker savings, which would function as guarantee in operations.
“The president should call a last government meeting to arbitrate the small points that are missing included,” he said.
Already the president of the Brazilian Federation of Banks (FEBRABAN), Isaac Sidney, said that the creation of an interest rate can generate “dysfunctionalities” in the competition between the institutions. He also stated that the more guarantees they are offered by the worker, the cheapest access to credit.
“We think this product should be born freely from the point of view of fees. It is up to the government to decide. The more banks can compete with each other to offer this line, it means that the consumer, the worker, will be able to migrate from bank A to Banco B and to Bank C. The ceiling often generates some dysfunctionalities in the competition. This is our thesis, but this is a government decision, ”said Sidney, reiterating that the market can” self -regulate. “
Sidney also stated that the banks did not claim an expansion in the guarantee of FGTS. “The more guaranteed, the cheaper the credit. We are not here necessarily claiming FGTS warranty for this line. What we are here claiming is a platform that can be provided with information for credit risk analysis. If you have warranty, so much better, ”he said.
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Today, the fund’s holder worker can offer up to 10% of the balance of his account linked to FGTS – and, in case of dismissal, can also be offered the entire fine of 40% that is paid by the employer at the time of dismissal .
Behind the scenes, government members discussed the possibility of expanding this percentage of FGTS, but even because of the position of banks the idea should not prosper.
Kernel
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Although they positively see changes in private consignment, the institutions disagreed with the government’s view that the new format could replace the anticipation of FGTS-Anniversary. According to Haddad, the extinction of the device was not debated at the meeting yesterday.
On the grounds that the withdrawal harms the FGTS by reducing resources available for housing and sanitation, the Ministry of Labor argues that the sport be extinguished in parallel to the creation of the new private payroll. Banks say, on the other hand, that the audiences of both products have low overlap, because many of the customers in anticipation of withdrawals are negative and have no job.
Project or MP
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Haddad also said that the government did not decide whether to send a provisional measure or a bill to Congress by establishing the rules of the new payroll loans, although it let it escape during the press conference that it would be an MP.
“The president should call a last government meeting to arbitrate the small points that are missing to be included in the bill, or provisional measure, I still have no news what the vehicle will be like the president will decide,” said the minister.
In addition to Lula, Haddad and Sidney, the meeting yesterday was the ministers Rui Costa (Civil House), (farm) and Luiz Marinho (work); the executive secretary of the Ministry of Labor, Chico Macena; the president of Banco do Brasil, Tarciana Medeiros; the president of Caixa, Carlos Vieira; the chairman of the Board of Directors of the Brazilian Federation of Banks (Febraban), Luiz Carlos Trabuco; Bradesco’s CEO, Marcelo Noronha; The CEO of Itaú, Milton Maluhy Filho; and CEO of Santander Brazil, Mario Leão.
