PYMNTS

JULY 4, 2016

Analysts say the nation is facing a 10-year high of bad corporate loans. 70 billion in debts are threatening to cripple Puerto Rico , the result of the government borrowing to keep its state-run businesses afloat, among other factors. and other western governments that prevent banks from lending.

Puerto Rico 100

Puerto Rico Millennials National Lending 100

American Banker

APRIL 25, 2016

A decline in expenses and a modest rise in lending income boosted first-quarter profit at Popular in San Juan, Puerto Rico.

Puerto Rico 28

Puerto Rico Lending FDIC Regional 28

PYMNTS

SEPTEMBER 30, 2017

Wells CEO Tim Sloan has gotten a letter from the Senate Committee on Small Business and Entrepreneurship asking for information and insight into the firm’s small business lending practices. Fizzle of the Week: Puerto Rico’s Cash Crisis. Puerto Rico is short on cash. I don’t know how to get to the States.

Puerto Rico 101

Puerto Rico ATM United States Security 101

PYMNTS

APRIL 14, 2020

CDFIs — which exist in all 50 states, the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands — offer loan money in times of disaster to businesses that typically can’t get funding from banks.

Puerto Rico 150

Puerto Rico Virgin Islands District of Columbia Kansas City 150

PYMNTS

AUGUST 12, 2019

And yet, beyond the patch quilt of states that have accepted marijuana sales, such transactions are illegal on a national level. This, in turn, means that banks cannot offer services to businesses, as they would face prosecution from regulators. Of particular focus will be payroll advances, according to reports.

Puerto Rico 128

Puerto Rico New Hampshire New York Regulation 128