Key Facts
—The case. The Federal District’s attorney-general filed a class action against Nubank in Brasília’s 7th public-finance court, seeking to halt charges, refund overpayments and recalculate balances.
—The damages sought. R$10 million ($1.99m) in collective moral damages, plus an urgent injunction to suspend collections and credit-registry filings while the case runs.
—The rates cited. Consumer regulators found revolving-credit interest running between 2.75% and 19.99% a month, and instalment rates between 0.99% and 19.75% a month.
—The worst example. A debt of R$3,338.78 from December 2020 was calculated at more than R$3.1 million ($616,000). Another, R$1,032.51 from January 2021, reached R$857,000 ($170,000).
