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Ordinance convenes financial institutions for the 3rd phase of Desenrol

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 23/10/2026, 02:24:24 UTC.

Briefings

The Brazilian government launched the third phase of the Desenrola program, a public auction to purchase credit card debts from financial institutions. The Ministry of Finance estimated up to R$ 90 billion in eligible debts, with a maximum potential cost of R$ 9 billion if all are bought. The auction aims to favor low-income consumers and micro-enterprises, though the final discount rate depends on the auction outcome. Financial institutions have five days to submit their debt volumes to the government.

Key points

• The third phase of the Desenrola program is a public auction where the government purchases credit card debts from financial institutions to facilitate debt renegotiation for consumers.
• Financial institutions have five days to inform the government of the volume of debts they intend to offer for renegotiation in the first phase of the auction.

Context

The Desenrola 3.0 program was created by a measure signed by President Luiz Inácio Lula da Silva in September to buy old credit card debts for consumer debt renegotiation. The auction aims to structure disputes to favor low-income consumers and micro-enterprises, though the final discount rate depends on the auction outcome.

Limitations

The evidence covers the initial phase of the auction where financial institutions have five days to submit debt volumes. The final discount rate depends on the auction outcome and is not yet determined. The evidence does not include details on the specific debts eligible for purchase beyond the stated criteria.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 23/10/2026, 02:47:57 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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