Brazil: Supreme Federal Court. Too Slow...Why?
Finally, after years of indetermination, returns to the voting guideline of the Supreme Federal Court, the judgment of the direct action of unconstitutionality on the Provisional Decree that defines the monthly capitalization of interests in the financial market.
This too slow judgment of Brazilian Justice interests all the citizens that had bought a good or a service and that are paying monthly for it.
Published 6 years ago, in the year 2000, the Provisional Decree 1.963 authorizeed banks and financiers to charge interests on interests in final consumers financings with stated period inferior to one year.
Until the publishing of it, the Law of Usury, introduced in 1933 by Decree 22.626, forbade the incidence of interests on interests.
Despite the importance of this process, the reporter, minister Sidney Sanches, only presented his vote in 2002, considering unconstitutional the P.D. 1963.
The second vote, of minister Carlos Velloso, who folloied the reporter, was only pronounced three years later. Next, the judgment was interrupted by an order of watching of the minister Nelson Jobim, who left the process in a drawer of his cabinet.
Nothing justifies the S.F.C. to work so terribly slow.
Now the organization "Brazilian Citizens for a Democratic Society" promises prosecute the ministers for billions of "reais" in harms caused to millions of brazilian consumers.