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Compliance; Banking | Brazilian Central Bank Regulates Proactive Credit Offers to Consumers: Impacts on Financial Institutions, Fintechs, and Other Entities

The Brazilian Central Bank (BACEN) has approved three resolutions that expand the responsibilities of financial institutions, fintechs, securities brokerage firms (DTVMs), and other entities regarding the offering and granting of consumer credit. Resolutions (BCB) 601, 602, and 603, dated October 23, regulate advertising and proactive offers of credit operations, mandate

Remaining the majority shareholder after an investment protects the founder’s stake in the company, but not the power to decide. When a founder sits down with an investor, one concern

The CARF – Administrative Council of Tax Appeals (Conselho Administrativo de Recursos Fiscais) overturned the Tax Assessment Notice (Auto de Infração) issued against Mercado Pago that disallowed the expenses excluded

The Brazilian Superior Court of Justice (STJ), in Special Appeal No. 2,279,109/SP, ruled that a property’s essential nature does not prevent a fiduciary secured creditor from exercising its rights once

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