Tag Archives: FAFAA

Gov’t files bill for Puerto Rico co-ops to comply with fiscal plan

  http://caribbeanbusiness.com/govt-files-bill-for-puerto-rico-co-ops-to-comply-with-fiscal-plan Gov’t files bill for Puerto Rico co-ops to comply with fiscal plan  By Caribbean Business on August 24, 2017 SAN JUAN – The Secretary of Public Affairs and Public Policy, Ramón Rosario, announced Thursday that the Puerto Rico … Continue reading

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Oversight Board proposes adjustments and consolidation for Cossec

The Puerto Rico government forced the cooperativos, aka credit unions, to buy Puerto Rican bonds, which are now considered junk. Sounds like if the cooperativos had to mark these assets to market, many would be insolvent. So the regulator is … Continue reading

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