By Isabela Fleischmann and Ana Carolina Siedschlag
The growth of unsecured credit lines, especially credit cards, has been a source of pressure for traditional financial institutions, digital banks and card companies in Brazil.
The situation has affected the credit quality and profitability of the companies, which is an additional challenge at a time when the government is seeking alternatives to reduce the interest rate on revolving credit card operations, amid rising defaults and the high Selic
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