Public Consultation on credit Fintechs and P2P lending


From August to November 2017, the Banco Central (BCB) held the 55th Public Consultation over the new regulation of financial institutions making loan operations through electronic platforms: sociedades de crédito direto (SCD, which lend from their own resources) sociedades de empréstimo entre pessoas (SEP, which intermediate loans).

In our contributions made to the text proposed by the BCB, we suggested the inclusion of a transition regime for companies as well as the incorporation of a kind of hybrid company, which could perform the activities of both SCDs and SEPs.

We also suggested specific changes to ensure greater predictability and legal security.


For further reading, click here (in Portuguese).


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