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Lula's proposal to limit cards per CPF draws criticism

Original: OPINION: I didn’t like this statement from Lula about limiting the number of cards per CPF. There are a lot of people wh

Brazilian President Luiz Inácio Lula da Silva suggested limiting the number of credit cards a person can hold per CPF, Brazil's taxpayer ID. The proposal is drawing pushback from people who argue many Brazilians rely on multiple cards not out of extravagance but because their salary runs out before the end of the month. Critics say the real problem for Brazilians is not simply owning two cards, but the gap between wages and the cost of living.

Why now: A proposal by the president to restrict credit cards per person touches on widespread financial strain and debt among Brazilians.

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• OPINION: I didn’t like this statement from Lula about limiting the number of cards per CPF. There are a lot of people who use the card not because they’re splurging, but because their salary runs out before the month does. The Brazilian’s problem isn’t simply having two cards. · Chris_Branco · 1K

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