Two of Puerto Rico’s main banks unveiled different measures over the weekend to help customers whose finances have been affected by the lockdown and mandatory curfew in place since Mar. 15, offering moratoriums and online help. FirstBank announced automatic stays on loan payments, offering qualifying clients the benefit for the months of April, May and […]
The Puerto Rico Treasury Department has granted a moratorium on payment plans to U.S. government employees affected by the partial shutdown that is now the longest in history. Treasury Secretary Teresita Fuentes said as a result of the partial shutdown in effect since Dec. 22, 2018, employees that have gone without pay are being given […]
In this, our first podcast, we explore the in's and out's of mortgage moratoriums and loan modifications offered by Puerto Rico banks to help customers after the devastation of Hurricane María. We discuss several important points with CPA Javier Hernández, from FirstBank Puerto Rico.
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