Overdraft/NSF fee cuts save consumers $6B, banks lose revenue
May 13, 2024
Puerto Rico banks such as Banco Popular, FirstBank and Oriental Bank have moved to reduce or eliminate overdraft/NSF fees in recent years. #NewsismyBusiness
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Puerto Rico financial institutions no longer on list of money laundering risks
February 20, 2024
Gov. Pierluisi signs into law legislation to strengthen regulation and oversight of international banking and financial entities on the island. #NewsismyBusiness
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Federal Reserve’s FedNow Service for instant payments is now live
July 24, 2023
When fully available, instant payments will provide benefits such as when rapid access to funds is useful, or when just-in-time payments help manage cash flows in bank accounts. #NewsismyBusiness
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