The National Congress extended, for 60 days, the Provisional Measure 1.106, of March 17, 2022, which increased the payroll loan margin for policyholders from 35% to 40% National Institute of Social Security (INSS), thus facilitating the granting of loans to holders of BPC It is Brazil Aid.
This was one of the reasons why it was easier to take out a payroll loan, learn more about it in this article.
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Extended provisional measure helps create facilities for contracting payroll loans
MP 1,106, in addition to increasing the payroll loan margin, also approved the granting of credit for beneficiaries of the Continuous Cash Benefit (BPC/Loas) and federal programs, such as Aid Brazil. The extension was published in the Official Gazette of the United Nations this Saturday (the 13th).
In March of this year, the INSS also issued the Normative Instruction 131, which, in practice, allowed banks to increase the assignable margin to 40% — 35% in conventional loans and 5% in credit cards — and allowed financial institutions to extend credit to BPC/Loas (a group that had not been considered previously).
However, in the case of Auxílio Brasil, there is still no credit available for beneficiaries. According to the Ministry of Citizenship, the regulation is under construction
Tailor-made reviews
Consumer protection groups and specialists criticize the initiative for opening the doors of debt to a segment of the population that already depends on government transfers to meet their basic needs. Due to the fact that the installment is deducted directly from the payroll, the risk of default is much lower. However, it can cause the individual to go into debt.
This is because BPC/Loas pays a minimum wage (R$ 1,212) to retirees and people with disabilities who live in a low-income situation. Meanwhile, Auxílio Brasil is currently distributing R$400 to each family.
The Brazilian Institute of Consumer Protection (Idec) is critical in distributing remittances to beneficiaries of the social program. According to the entity, the measure will act as a shield for vulnerable consumers and will result in an increase in Brazilian poverty.