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INSS Consigned Rate Cap Reduction Looms, Pressuring Banks

Brazil's Social Security Council (CNPS) will meet on August 4 to discuss lowering the 1.85% monthly interest rate cap on INSS consigned credit.

By Diane Cole

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INSS Consigned Rate Cap Reduction Looms, Pressuring Banks
Source: Ratini01 / Wikimedia Commons (CC0)

Brazil's Social Security Council (CNPS) will meet on August 4 to discuss lowering the 1.85% monthly interest rate cap on INSS consigned credit.

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