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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 8 sources · 12 days · First seen · Last updated

Nubank legal dispute with Entrepay

Overview

Nubank has increased its restitution claim to R$ 719.8 million in a legal dispute involving Entrepay, a payment acquirer liquidated by the Central Bank in March. The bank claims an exposure of R$ 675.6 million related to Entrepay and R$ 44.2 million with Acqio, a subsidiary of Antonio Carlos Freixo.

Nubank asserts it is the “exclusive owner of the credit rights in good faith” and argues that retained funds should not be included in the liquidation mass. This follows a position from the Central Bank’s General Attorney’s Office suggesting merchants have preference over credit assignees. Nubank maintains that a provider’s default to merchants does not invalidate credit assignment effectiveness. The case is connected to investigations such as ‘Operação Carbono Oculto’ regarding potential fraud.

Entities

Nubank · Banco Central · SPC · Roberto Campos Neto · Serasa

Timeline

  1. [BUSINESS] 4 sources
    Nubank credit card delinquency and consequences

    Nubank users facing credit card payment delays in Brazil face interest, fines, and potential credit reporting to agencies like Serasa and SPC.

  2. [BUSINESS] 4 sources
    Nubank increases restitution claim to R$ 719.8 million against Entrepay

    Nubank has raised its restitution claim to R$ 719.8 million against the liquidated acquirer Entrepay, citing significant exposure to credit rights and ongoing fraud investigations.

Sources

blog.nubank.com.br · extra.globo.com · fatopaulista.com.br · jornalalerta.com.br · oglobo.globo.com · redacaomt.com.br · saobentoemfoco.com.br · seucreditodigital.com.br