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3 results for “payroll loans”

Fictor Group Ex-Payroll Unit Expands Despite Parent Bankruptcy
Markets• 2h ago

Fictor Group Ex-Payroll Unit Expands Despite Parent Bankruptcy

Former payroll loan arm 3RP Consignado expands municipal business in Brazil while parent Grupo Fictor faces a $730 million bankruptcy.

Federal Police Detail R$7 Billion Fraud Scheme Involving Banco Master and State-Owned BRB
Markets• Sep 12

Federal Police Detail R$7 Billion Fraud Scheme Involving Banco Master and State-Owned BRB

A massive alleged financial fraud at Banco Master, involving R$7 billion in fake payroll loans and exposure for a state bank, has ensnared a top Brazilian Senator.

Brazil Locks INSS Payroll Loan Cap at 1.85% Until Selic Hits 10.5%
PROPolitics• Aug 04

Brazil Locks INSS Payroll Loan Cap at 1.85% Until Selic Hits 10.5%

Decision stabilizes credit margins for major Brazil banks like Itaú and Bradesco, tying future rate cuts to aggressive BCB easing.