Educated Investor recently awarded transaction processing firm EVERTEC the silver for successfully participating in the Financial Fitness Challenge, an event organized in Puerto Rico by the Office of the Commissioner of Financial Institutions’ Institute for Financial Education in collaboration with the Society for Human Resources Management.
The Office of the Commissioner of Financial Institutions, Puerto Rico’s banking watchdog, was left out of the talks leading to the agreement through which the Treasury Department approved a $229 million tax refund to Doral Financial Corp., the regulator said Tuesday during a House public hearing.
Following a year during which Puerto Rico’s banking sector has been mindful of its operating costs and some have specialized in areas where they believe to be most competitive, 2014 is expected to continue posing “serious challenges,” especially since the island’s economy is facing challenges of its own, Office of the Financial Institutions Commissioner Rafael Blanco predicted during a recent interview.