Brazil May Force Clearer Interest Rates in Stores, O Globo Says

Dilma Rousseff’s administration is studying a way to force stores to be more clear on the interest rates charged in consumer credit, O Globo reported, citing the Strategic Matters general office.

The government is seeking to ensure that Brazilian customers are being correctly informed of rates charged on installment payments, the newspaper said.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net.

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net.

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