Chile lower house to vote on wage protection bill for CAE debtors

Chile's Chamber of Deputies will vote Wednesday on a bill to extend wage seizure protection to salaries up to 56 UF (~$2.3M CLP) once deposited in bank accounts, benefiting debtors of the state-backed CAE student loan program. The outcome is uncertain; passage would shield a significant portion of wages from creditors, while rejection would archive the initiative. The vote matters as it could set precedent for debtor protections and affect financial sector recovery expectations.