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FEMA Looks At Blockchain To Aid Disaster Payouts

PYMNTS

These steps would allow much more rapid liquidation of an insurance policy, including a ‘disaster dividend,’ or a ‘harm’s way’ claim, which could be used to pay for evacuation-related expenses,” the agency stated in its latest National Advisory Draft Report to the FEMA Administrator.

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Popular in Puerto Rico Posts Lower Profit on Loss-Share Ruling

American Banker

in San Juan, Puerto Rico, said its quarterly profit fell after losing an arbitration dispute with the Federal Deposit Insurance Corp. Popular Inc.

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Popular in Puerto Rico to Record $115M Charge Tied to FDIC Dispute

American Banker

in San Juan, Puerto Rico, will absorb another hit to its earnings tied to a dispute with the Federal Deposit Insurance Corp. Popular Inc.

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Morning Scan: BofA's Stress Test Team; Hedge Funds Sue Puerto Rico GDB

American Banker

Wall Street Journal. The paper profiles Andrea Smith, a human resources executive at Bank of America, who was tapped to lead its stress test submission, which is due Tuesday.

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Old Doral Assets Producing for Popular

American Banker

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

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CUs Try To Solve The Cannabis Cash Conundrum

PYMNTS

And yet, beyond the patch quilt of states that have accepted marijuana sales, such transactions are illegal on a national level. That does not mean unfettered access for cryptos, as ICOs will not be on the table — but as reported, investors may move the equivalent of as much as $25 million into the region by 2021.