PYMNTS

OCTOBER 3, 2016

In 2010, Westernbank Puerto Rico, the country’s second-largest commercial bank, took a loss of more than $140 million on loans to a Florida businessman, 53-year-old Jack Kachkar, which contributed to its failure, according to the FDIC’s inspector general. to borrow tens of millions of dollars in credit from Westernbank Puerto Rico.

Puerto Rico 133

Puerto Rico Fraud Miami Florida 133

Fintech Labs Insights

JUNE 25, 2015

That makes the credit score provider the second most valuable alum (after Lending Club , currently trading at $6 billion). Fraud detection. Puerto Rican marketplace lender. HQ: Puerto Rico. Tags: Lending, underwriting, consumer, loans, P2P, crowdfunding, investing. billion valuation. Source: Crunchbase.

Puerto Rico 12

Puerto Rico St. Louis Fintech Company 12

PYMNTS

SEPTEMBER 30, 2017

Uber : The ride-hailing firm is being sued by shareholders who are claiming fraud, due to the fact that the company — via ex-CEO Travis Kalanick — allegedly did not disclose during capital-raising efforts the fact that Uber may have broken laws. Fizzle of the Week: Puerto Rico’s Cash Crisis. Puerto Rico is short on cash.

Puerto Rico 101

Puerto Rico ATM United States Security 101