Given the crisis that Puerto Rico is experiencing due to the coronavirus (COVID-19) preventive lockdown, several major banks and financial institutions are taking special measures to attend to customers, mostly remotely. The Puerto Rico Bankers Association said among other measures, local banks have implemented recurring periods of hand washing for employees, a control of the […]
The Public Corporation for the Supervision and Insurance of Puerto Rico Cooperatives, known as Cossec, authorized credit unions to offer loan moratoriums to its members, according to its regulations. Pedro Roldán-Román, interim CEO of Cossec, said every cooperative wanting to help its members and customers whose incomes are affected following Gov. Wanda Vázquez’s state of […]
Effective immediately, the Federal Emergency Management Agency will suspend, until Mar. 30, in-field operations in support of the Puerto Rico earthquakes. FEMA personnel will continue to work on the island to support survivors. FEMA will support the governor of Puerto Rico, who issued an executive order shutting down all non-essential government and commercial operations on […]
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