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NY Fed defeats Puerto Rican bank's appeal tied to Venezuela-related cutoff

By Reuters May 13, 2026 Bearish
NY Fed defeats Puerto Rican bank's appeal tied to Venezuela-related cutoff
The Federal Reserve Bank of New York on Wednesday defeated an appeal by a Puerto Rican lender whose access to the ​U.S. central banking system was cut off in a crackdown on lenders ‌with links to Venezuela.
The Federal Reserve Bank of New York on Wednesday defeated an appeal by a Puerto Rican lender whose access to the ​U.S. central banking system was cut off in a crackdown on lenders ‌with links to Venezuela.