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Brazil announced today new measures aimed straight at credit-card companies. They want to avoid consumer "super debts".
Mimimum credit-card payments have been raised to 15% starting in June 2011, and to 20% in December.
They also limited the num,ber of possible charges that credit-card companies can charge to 5, from 80:
- annual fees
- 2nd card issuance
- emergency credit-limit extensions
- cash withdrawals
- bill payment
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