Clipping of news on Brazilian Culture, Law and Citizenship
05.10.2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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The Senate Plenary last week approved two bills that modify the Consumer Protection Code. The proposals include new rules on credit and prevention of over-indebtedness of consumers.
The new rules also define and prohibit abusive child advertising, as we have established the National Council for the Rights of Children and Adolescents. For the technical manager of the Brazilian Institute of Consumer Defense (Idec), Carlos Tadeu Oliveira, changes to the examination of targeted advertising advertising to children is important as it increases legal certainty.
The expectation of the expert is that the House of Representatives only review the proposals of the Senate in 2016, year of municipal elections in which parliamentarians will be watching the great appeal of guidelines, such as the inclusion of rules on over-indebtedness in the Consumer Protection Code.
The proposal defines as indebtedness the "commitment of more than 30% of the monthly net consumer income" and establishing mechanisms to prevent and extrajudicial and judicial treatment. For Carlos Tadeu, Idec, changes update the user code to the current economic context.
According to the approved text, overindebted consumers now have renegotiation process of debt conciliatory manner so that the consumer can establish a debt settlement plan jointly with creditors.
According to a survey of the National Confederation of Commerce, 60% of Brazilian households have debts. Two out of ten had overdue bills in July and 13% said they were "highly indebted".
Source: EBC
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This article was translated by an automatic translation system, and was therefore not reviewed by people.