Brazil’s Fight Against Usury Compared to Developed Nations
In March 2024, Brazil saw credit card interest rates soar to an annual peak of 421.3%, as reported by the Brazilian Central Bank. This report highlights the ongoing challenges within Brazil’s credit industry where rates reached as high as 442.1% annually. Amidst this volatility, the total credit market expanded to R$5.873 ($1.1) trillion, a 1.4% […]