Brazil Will Limit Fees Credit Cards Charge Consumers (Update1) – BusinessWeek


April 27 (Bloomberg) — Brazil’s government will limit the fees credit card companies can charge consumers, Justice Minister Luiz Paulo Barreto said.

The National Monetary Council, led by Finance Minister Guido Mantega, will be allowed to set rules on credit card fees under a proposal Barreto revealed to reporters today in Brasilia. Lawmakers will also be asked to give the council broader authority to regulate credit cards, he said.

via Brazil Will Limit Fees Credit Cards Charge Consumers (Update1) – BusinessWeek.

Advertisements

Comments are closed.

%d bloggers like this: