Brazilian credit card law will boost non-bank ABS

By Tom Brown
17 Aug 2020

A new Brazilian law is set to boost credit card ABS securitizations from non-bank lenders, helping the alternative sector to thrive despite the economic fallout from coronavirus.

The Brazilian parliament has passed legislation for payment arrangements, called law 14.031, which Fitch Ratings says will be positive for credit card securitizations.

Most securitizations in Brazil come from the real estate and agriculture sectors, with laws allowing the packaging of these receivables into special purpose ...

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