Brazil Targets Lenders Charging Up to 957% a Year

Brazil Politics and Society Brazil Targets Lenders Charging Up to 957% a Year By Arkady Petrov · June 30, 2026 · 4 min read Daily Brief The morning intel from across Latin America. Free. Subscribe By subscribing you agree to our privacy policy. We never share your email. Economy Key Facts —The probe. Brazil’s consumer watchdog, Senacon, opened an investigation on June 29 into three lenders charging abusive interest. —The rates. Valor S/A charged 21.72% a month, or 957.7% a year; Cobuccio 956.6%; Crefisa 871.4%. —The math. A 1,000-real ($193) debt at twenty percent a month swells past 9,500 reais ($1,834) within a year. —The product. All three rates were on unsecured personal loans, the costliest mainstream credit in Brazil. —The test.

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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Rio Times.