Brazil's Lojas Renner to cut consumer interest rates

SAO PAULO, Sept 28 (Reuters) - Brazil apparel retailer Lojas Renner will cut the interest rates it charges customers beginning in November, a spokeswoman said on Friday, as the company adjusts to a new reality in consumer financing.

Itaú Unibanco Holding, Brazil's largest private sector bank, took control of Cielo's rival Redecard on Monday, in a move that may alter the relationship between banks and card users, pressuring many retailers.