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[BUSINESS] · Brazil · 56 sources

CMN bans registration fee for Move Aplicativos credit line

The Conselho Monetário Nacional (CMN) voted on 25 May to prohibit financial institutions from charging a registration fee on credit operations under the Move Aplicativos programme. The programme, run by BNDES and qualified banks, provides up to R$ 30 billion in financing for ride‑hailing drivers and taxi operators to buy new, low‑emission vehicles. The ban applies only to the “tarifa de cadastro” used for credit‑protection data checks; other charges such as interest, commissions or reserve‑fee commissions may continue if disclosed in the contract. The CMN, chaired by Finance Minister Dario Durigan and including Central Bank President Gabriel Galípolo and Planning Minister Bruno Moretti, said the measure will lower the initial cost of the loan and improve access for drivers, supporting fleet renewal and environmental goals.

The decision was reported in several outlets, each noting that “as instituições … não poderão cobrar tarifa de cadastro”. The rule aims to make the credit line more attractive while preserving banks’ ability to charge standard operational fees.

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