Brazilian Central Bank publishes Fintech regulations

On April 24th, 2018, the Brazilian National Monetary Council (CMN) approved Resolutions 4.656 and 4.657, which regulate the performance of financial technology companies (known as Fintechs) operating in the credit market. According to Resolution 4.656/2018, Fintechs may operate within the following two frameworks: Direct Credit Society, or SCD (Sociedade de Crédito Direto), through which Fintechs …

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