American Express is paying $96 million in redress to Spanish-speaking consumers in Puerto Rico, the U.S. Virgin Islands, and elsewhere as part of an agreement with the Consumer Financial Protection Bureau (CFPB), ConsumerAffairs.com reported.
Puerto Rico in Distress
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Puerto Rico Gov. Ricardo Rosselló recently swore in his dream team for political representation — two senators and five representatives to match the commonwealth’s population, Roll Call reported yesterday. They are expected to travel to Washington soon and ask lawmakers to be seated as the official congressional delegation for Puerto Rico.
The Puerto Rican economy has already suffered a lost decade — no economic growth since 2005, according to an op-ed in Saturday’s New York Times. The poverty rate is 46 percent, and 58 percent for children — about three times that of the 50 states. Unemployment is at 11.7 percent, more than two and a half times the level in the states.
The Puerto Rican economy has already suffered a lost decade — no economic growth since 2005, according to an op-ed in Saturday’s New York Times. The poverty rate is 46 percent, and 58 percent for children — about three times that of the 50 states. Unemployment is at 11.7 percent, more than two and a half times the level in the states.