article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.