Brazil's TCU authorizes use of unclaimed bank assets for Desenrola debt program

The Federal Court of Accounts (TCU) voted 5-3 to overturn an injunction that had blocked the government from utilizing unclaimed financial assets held by banks to fund the Desenrola Brasil debt renegotiation program. The decision allows the administration to proceed with using these 'forgotten' funds to subsidize lower interest rates for consumer debt relief, despite previous legal challenges regarding the constitutionality of the provisional measure.