Overview

• Financial institutions that debit unauthorized amounts face an automatic 10% fine directed to the Consumer Defense Fund and the National Elderly Fund, unless they prove justified error or fraud within 45 days.
• Beneficiaries who receive unsolicited credit can return the money and are exempt from fees and other charges.
• For remote contracting, institutions must confirm identity and consent through biometrics, authenticated access, or a double-confirmation step.
• Practices that impose extra requirements solely on older beneficiaries are deemed discriminatory, including forcing in person visits to obtain payroll-deducted credit.
• The proposal, authored by former deputy Edgar Moury and reported by Senator Otto Alencar after CCJ review, passed unanimously in the Senate and now awaits a new vote in the Chamber.