FHLBNY OK’d $11M in housing project grants in Puerto Rico in ’24
January 30, 2025
The funds helped in the construction of 726 affordable housing units in the municipalities of Caguas, Lajas, Lares, San Juan and Bayamon. #NewsismyBusiness
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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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Women leaders named to key positions in insurance, education, banking
September 27, 2023
This edition of Climbing the Corporate Ladder features three women named to top positions across multiple industries in Puerto Rico. #NewsismyBusiness
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Puerto Rico banking system ‘solid, safe’ from CA, NY bank meltdowns
March 14, 2023
“Banks in Puerto Rico are sufficiently well-capitalized and strategically diversified, so their customers’ deposits are completely safe," said OCIF Commissioner Natalia Zequeira.
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Puerto Rico Bankers Association announces available housing grant funds
February 3, 2023
Funding can be accessed through the Federal Home Loan Bank of New York.
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Puerto Rico Bankers Association, FDIC educate on regulatory changes, trends
December 6, 2022
The 2022 Annual Compliance Seminar gathered more than 100 professionals from the financial sector and other industries.
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Puerto Rico Bankers Association reinforces anti-fraud educational efforts
April 7, 2022
The PRBA's commercial bank members will support the effort by publishing the campaign on their own social networks.
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Puerto Rico Bankers Association adds 3 new financial institutions
October 28, 2021
Banco Cooperativo de Puerto Rico, Banesco and the Federal Home Loan Bank of New York have joined the Puerto Rico Bankers Association, joining commercial banks Banco Popular de Puerto Rico, Citi and Firstbank, which are already part of the trade group. “For the Puerto Rico Bankers Association, it’s a great to be able to count […]
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Survey: Puerto Rico gov’t needs to work closer with banking sector to boost growth
December 11, 2020
Puerto Rico’s banking sector, which is likely the most impactful sector of the economy, could use greater collaboration from the government to boost individual and commercial services, while reducing expenses for the public sector. Furthermore, the government could also move quicker toward stimulating the use of local banks to manage its liquidity and urge the […]
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Bankers Assoc. to host virtual community economic development workshop
October 7, 2020
As part of the educational initiatives to train community organizations and businesses on the island, the Puerto Rico Bankers Association’s Community Reinvestment Committee will host the Community Economic Development workshop Oct. 7-8, from 2 p.m. to 4 p.m. on the Zoom platform. Invited speakers Anabel Rodríguez, CEO of the Ibero-American Observatory for Sustainability and Circular […]
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Puerto Rico Bankers Association to host virtual workshop on smart use of credit
August 27, 2020
The Puerto Rico Bankers Association will host its next educational workshop, which will take place Aug. 28, 2020 from 3 p.m. to 4 p.m., via the Zoom platform. It will be free and open to the public. The guest speaker will be Hilda Y. González-Rodríguez, manager of the Credit and Risk Management Unit of Banco […]
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Puerto Rico Bankers Association urges filling out 2020 Census
August 17, 2020
The Puerto Rico Bankers Association called on citizens to fulfill their duty to respond to the 2020 Census, “as soon as possible.” The data collected is crucial for the distribution of federal funds for the areas of education, hospitals, highways, public works and other essential programs. “We join the effort of several local organizations to […]
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Puerto Rico Bankers Assoc. confirms shortage of coins due to COVID-19
June 18, 2020
The New York Federal Reserve’s Cash and Custody Division confirmed a drop in the nationwide availability of coins — quarters, dimes, nickels and pennies — as a result of the COVID-19 pandemic, which is also affecting the Puerto Rico market, the Bankers Association stated. The decrease is mainly due to the interruption of the circulation […]
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Puerto Rico Bankers Association warns about COVID-19-related fraud schemes
April 9, 2020
The Puerto Rico Bankers Association is urging residents to stay “informed and alert” to the various fraud schemes that have arisen related to the coronavirus COVID-19 pandemic. Additionally, the trade group is emphasizing the importance of learning how to properly manage these schemes to protect personal and financial information. Scammers have taken advantage of the […]
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Puerto Rico banks, financial institutions inform special lockdown measures
March 16, 2020
Given the crisis that Puerto Rico is experiencing due to the coronavirus (COVID-19) preventive lockdown, several major banks and financial institutions are taking special measures to attend to customers, mostly remotely. The Puerto Rico Bankers Association said among other measures, local banks have implemented recurring periods of hand washing for employees, a control of the […]
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