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Fizzle Of The Week: Puerto Rico’s Cash Crisis

PYMNTS

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. Sending in more cash isn’t all that easy.

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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. This, in turn, means that banks cannot offer services to businesses, as they would face prosecution from regulators. The statements come as legislation looms for debate in the U.S.