Banks criticize the suspension of INSS (Brazilian Social Security Institute) payroll loans and warn of social impacts.

The banking sector reacted with concern to The decision by the Federal Court of Accounts (TCU) to suspend all types of payroll loans linked to the INSS (Brazilian National Social Security Institute). The measure also mandates the suspension of new personal loans with payroll deductions until the institute implements stricter control mechanisms in the e-Consignado system. The federal government has stated that it intends to appeal the decision.

In a joint statement, entities representing the financial system classified the decision as unexpected and pointed to significant risks for the functioning of the market and for millions of beneficiaries. The statement was signed by industry associations that highlighted the economic and social impact of the suspension, according to reports. Miriam LeitãoOn The globe.

The sector speaks of "surprise" and warns of insecurity.

According to the statement, the suspension of payroll loans was received with "surprise and insecurity" by financial institutions. The text highlights that the decision disrupts a structured and highly regulated market that moves approximately... R$ 100 billion per year.

The organizations also emphasize that approximately R$ 9 billion is deducted directly from the benefits of retirees and pensioners every month, demonstrating the importance of this option for these families' budgets.

Direct impact on retirees and pensioners.

For the sector, the sudden suspension compromises access to credit for a segment of the population considered more financially vulnerable. According to the statement, many beneficiaries use payroll loans to replace debts with higher interest rates or to cover essential expenses.

The associations also emphasize that the measure, while possibly motivated by legitimate concerns about the system's security, ultimately generates significant side effects. These include difficulty accessing resources for medical expenses, paying household bills, and replenishing family income.

The government promises to appeal the decision.

Given the negative reaction, the federal government announced that it will appeal the TCU's decision. The expectation is that there will be a review of the measure or the definition of alternatives that allow for the resumption of credit with greater operational security.