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The insertion of a CPF in the database under the Opt in concept depends on the interest of the consumer. This model requires prior authorization from the consumer to open a register.

In Brazil, the Positive Registry was regulated in October 2012 under the Opt in model, and has made slow progress. As a result, the credit granting instrument has yet to deliver the major benefits expected for consumers: financial inclusion and lower interest rates. With more quality information about borrowers, financial institutions mitigate the risks of lending, which allows for lower interest rates for the population, reducing the risk of a loan default. over-indebtedness.

Among the actions proposed by the Central Bank to stimulate the economy in Brazil is the improvement of the Positive Registry legislation.

The idea behind this new proposal is for everyone to be a compulsory member, with the possibility of requesting exclusion if that is what the consumer in question wants. It's the Opt out, This allows more consumers to access credit - cheaper and with better conditions for taking out loans.

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By: Elias Sfeir President of ANBC & Member of the Climate Council of the City of São Paulo & Certified Advisor