Desenrola 3.0 plans to buy R$ 150 billion in debts and has an estimated cost of R$ 15 billion, says Moretti
New Desenrola modality integrates package against betting sites and aims to reach R$ 150 billion in bank debts
TL;DR
- Federal government announces Desenrola 3.0 to buy R$ 150 billion in family bank debts.
- Debtors could receive discounts of at least 90% on their outstanding balances.
- The program targets debts up to R$ 10,000, mainly credit card and personal loans.
- The initiative is part of a package that also includes measures against betting sites.
- Financial institutions will sell debt portfolios in an auction, with the highest discount winning.
- The government expects to acquire approximately half of the R$ 300 billion in non-performing bank debts.