The concerns expressed by the island’s wireless carriers and retailers over the potentially harmful effects of regulating the sale of prepaid cellphones on consumers and competition apparently fell on deaf ears, as Gov. Luis Fortuño signed Tuesday a law mandating it.
Gov. Luis Fortuño appointed former BBVA executive and banking industry veteran Rafael Blanco to head the Office of the Financial Institutions Commissioner, effective Jan. 1. Blanco will succeed current OCIF chief Alfredo Padilla, who will retire after nine years at the agency.
A week after accepting applications from 1,650 homeowners looking to save their dwellings from foreclosure, Gov. Luis Fortuño announced Tuesday there will be a third round of government assistance to benefit another 1,500 families.
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