The government will appeal this Monday the decision of the Federal Court of Auditors (TCU) that ordered the INSS to immediately suspend new payroll loans, including endorsements in the types of payroll credit cards and benefits.
Last week, the Court of Auditors ordered the immediate suspension of new concessions of credit in the form of credit cards and benefit cards. The ruling points to relevant signs of fraud and failures in these operations linked to the INSS.
A period of 45 days was determined for the INSS, and Dataprev (responsible for the system), to implement 8 control mechanism measures.
The Minister of the Civil House, Miriam Belchior, said that the Court’s measure was “drastic”, and that it impacts daily around R$ 200 million in credit that is contracted on consigned loans.
— Today the government should go to court asking for the suspension of the precautionary measure, because the established reasons are already well advanced. Of the eight measures that the TCU requests, six are practically ready to be implemented by Dataprev, and two of them require banks, which are also having a meeting today to consider this matter — he said at the press conference.
This Monday, the government announced changes to the INSS within the scope of the new debt renegotiation program. The income commitment will fall from 45% to 40%, but the loan payment period will be extended to 108 months.
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The 10% exclusive margin for payroll and benefit cards (5% and 5%) ends. The total consignment limit, which was previously 45% (5% of the credit card, 5% of the benefits card and 35% general) is now 40%, limiting the participation of the consignment card and benefits to a maximum of 5% each.
In addition to the reduction from 45% to 40%, there will be a gradual reduction in the consignable margin of 2 percentage points per year until it reaches 30%.
The Minister of the Civil House said this Monday that the changes are in line with the concerns presented by the TCU.
In a note released this Monday, the Brazilian Federation of Banks (Febraban) published, together with the Brazilian Association of Banks (ABBC) and Zetta, an association that represents fintechs, expressed concern about the Court’s precautionary decision.
According to the entities, the measure “was abrupt” and “creates insecurity” by interrupting a regulated market that generates R$100 billion per year.
