INSS Halts New C6 Payroll Loans, Orders R$300 Million Returned to Retirees

Overview

• The suspension covers only new consignado registrations and stays in place until all disputed amounts are repaid with monetary correction.
• Auditors found C6 embedded unauthorized costs such as insurance and service packages, which reduced the net funds delivered to beneficiaries.
• The INSS rescinded the technical cooperation that enabled direct benefit deductions and warned it could suspend transfers and use Dataprev to enforce compliance.
• Federal police, under STF orders, executed 19 search warrants and two arrests in Ceará and the Federal District as part of related probes into unauthorized discounts.
• C6 Bank denies any wrongdoing and says it will challenge the INSS decision in court.