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Brazil's Central Bank updates Open Finance and credit protection rules
The National Monetary Council (CMN) and the Central Bank of Brazil (BC) have approved new regulations to enhance security and transparency within the Open Finance system. These updates focus on strengthening data governance, requiring specific customer consent for each partner entity, and allowing for the interruption of data sharing if security risks are identified. The rules also facilitate more flexible authorization processes for legal entities, such as companies, where different representatives may grant access at different times.
Additionally, the Central Bank has introduced three resolutions aimed at strengthening consumer protection in credit contracting. These measures include the creation of a consolidated debt dashboard to provide cost simulations and debt alerts, as well as stricter rules for credit offers made during Pix transactions. To prevent commercial harassment, institutions must provide mechanisms for customers to block active credit advertisements. These consumer protection rules will be implemented in stages, with active credit offer regulations taking effect on March 31, 2027, and the debt dashboard and Pix credit rules following on July 1, 2027.
Entities
Banco Central do Brasil · Brazil · Central Bank of Brazil · Conselho Monetário Nacional · INIT · National Monetary Council · Open Finance · Pix
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Institutions must present a list of their partner entities to the Central Bank by December 1, 2026. valor.globo.com
- [● 18 SOURCES] Data sharing can be interrupted if security risks are identified. abranet.org.br · portalrbn.com.br · paraibatotal.com.br · saobentoemfoco.com.br · atarde.com.br · +3 more
- [● 9 SOURCES] Boards of directors and executive officers are directly responsible for Open Finance compliance. saobentoemfoco.com.br · atarde.com.br · abranet.org.br · brasilemfolhas.com.br · gazeta24h.com
- [● 19 SOURCES] Customers must provide specific consent for each partner company. abranet.org.br · valor.globo.com · portalrbn.com.br · paraibatotal.com.br · saobentoemfoco.com.br · +4 more
- [● 8 SOURCES] Legal entities can grant data access authorization through different representatives at different times. abranet.org.br · valor.globo.com · gazeta24h.com · diariodenoticiasmarilia.com.br
- [● 19 SOURCES] The CMN and Central Bank approved new Open Finance rules. valor.globo.com · portalrbn.com.br · paraibatotal.com.br · saobentoemfoco.com.br · atarde.com.br · +4 more
- [● 15 SOURCES] A consolidated debt dashboard will be created to provide information on debts and cost simulations. portaldiarioderondonia.com · spnpb.com.br · www.acessa.com · fatopaulista.com.br · gazetaderondonia.com.br · +10 more
- [● 15 SOURCES] Regulations regarding active credit offers will take effect on March 31, 2027. portaldiarioderondonia.com · spnpb.com.br · www.acessa.com · fatopaulista.com.br · gazetaderondonia.com.br · +10 more
- [● 15 SOURCES] The Central Bank approved three resolutions to strengthen consumer protection in credit contracting. portaldiarioderondonia.com · spnpb.com.br · www.acessa.com · fatopaulista.com.br · gazetaderondonia.com.br · +10 more