Some 18,000 homeowners in Puerto Rico were facing the possibility of losing their homes to their mortgage bank as of November 2010, the Financial Institutions Commissioner’s office (OCIF, as it is known by its initials in Spanish) said Tuesday.
“After 10 years of Act 247-2015 [Law for the Promotion of Reusable Bags and the Regulation of the Use of Plastic Bags], we must seriously examine whether public policy has produced the expected effects.
We need to see the full picture: protecting the environment, weighing costs for consumers and ensuring viability for retailers. Our duty is to consider amendments or new strategies that bring a fair and effective balance for Puerto Rico.”
— Sen. Nitza Morán, chairwoman, Puerto Rico Senate Committee on Economic Development, Small Business, Banking, Commerce, Insurance and Cooperativism
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