- August 16, 2018
- PSD2
- Open Banking
Brazil Passes Data Protection Bill, Paves Way For Open Banking | PaymentsCompliance
In an attempt to rise out of austerity, secure its position on the world stage and clinch membership with the OECD, Brazil has passed its first piece of major data protection law. The new General Data Protection Act (GDPA) borrows heavily from the EU’s General Data Protection Regulation, giving Brazilian citizens more control over their personal data than ever before. The Senate approved the act on July 10, with the bill sent to President Michel Temer for execution.