Eric LeCompte, Executive Director of Jubilee USA was recently featured on speaking on Puerto Rico. Follow link to full audio clip. 

Puerto Rico Files For Bankruptcy

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Eric LeCompte, Executive Director of Jubilee USA was recently featured in AFP, Yahoo News, The Daily Mail, The Japan Times and Manilla Times speaking on Puerto Rico. Read excerpt below and follow link to full article.

Puerto Rico Seeks Bankruptcy Protection: Governor

By: Staff

"'This bankruptcy process is vital so Puerto Rico can receive the debt relief it was promised,' said Eric LeCompte, executive director of Jubilee USA, which promotes debt forgiveness for poor countries.

The 'process can bring the debt back to sustainable levels, protect vulnerable communities and promote transparency,' he added in a statement."

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Eric LeCompte, Executive Director of Jubilee USA was recently featured in NPR and Townhall speaking on Puerto Rico. Read excerpt below and follow link to full article.

Puerto Rico Eyes Options As It Faces Debt Deadline — Again

By: Camila Domonoske

"'It mirrors conventional bankruptcy processes that are ordered and arbitrated through a court system,' says Eric LeCompte, the executive director of Jubilee USA Networks, a religious development organization that supports debt relief and debt forgiveness.

The 'Title III' process, as it's called in PROMESA, allows Puerto Rico to address all of its debts at once, in a comprehensive process — which even Chapter 9 doesn't allow, LeCompte says. It's essentially a bankruptcy process custom-built for Puerto Rico's debt crisis."

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Eric LeCompte, Executive Director of Jubilee USA was recently featured in National Catholic Reporter speaking on Puerto Rico. Read excerpt below and follow link to full article.

Puerto Rico's Creditors Push Congress to Stop Bankruptcy Process

By: Michael Sean Winters

"'We've kept Puerto Rico on Congress' agenda, even though Congress is pretty distracted with other issues,' LeCompte told NCR. 'We've been moving forward bipartisan recommendations to provide the same health care financing and child tax benefits to American citizens in Puerto Rico that citizens receive in the 50 states. This is important because we need more financing for Puerto Rico to ensure average people are protected as Puerto Rico restructures its debt.'

'Some of the creditors are back in full force on Capitol Hill, and they are trying to stop the bankruptcy process. There even have been efforts to delay health care and‎ child benefit financing by some of the creditors,' LeCompte added. 'Some of the creditors are desperate because they will profit less with an orderly bankruptcy process that protects interests of the people on the island. As always we see Members of Congress on both sides of the aisle influenced by the powerful creditor lobby. But I still have great hope and know we will win because both Republican and Democratic leadership firmly supports our efforts for the people of Puerto Rico.'"

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Eric LeCompte, Executive Director of Jubilee USA was recently featured in Financial Express Bangledesh speaking on Puerto Rico. Read excerpt below and follow link to full article.

Call for Debt Cuts as Puerto Rico Heads for Bankruptcy

"'When the oversight board votes for bankruptcy proceedings, Puerto Rico can access a comprehensive process to deal with all of their debt,' noted the executive director of Jubilee USA, Eric LeCompte, who tracks the debt negotiations."

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Eric LeCompte, Executive Director of Jubilee USA was recently featured in National Catholic Reporter speaking on Puerto Rico. Read excerpt below and follow link to full article.

Debt Crisis in Puerto Rico Comes to a Head

By: Michael Sean Winters

"'Conceivably, this could be one of the largest debt-relief initiatives in the history of fiscal crises if the board remains true to the goals it has set for itself,' Eric LeCompte, executive director of Jubilee USA, told me. LeCompte is in San Juan for the meeting and has played a leading role helping to guide religious leaders on the island as they fight to prevent austerity measures that would target the poor.

'The United States Conference of Catholic Bishops continues to show phenomenal leadership, not only on resolving the crisis in Puerto Rico, but on global debt issues, too,' said LeCompte. 'The church's consistent policy stance flows from sustained moral reflection on these issues of debt and development.'"

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Jubilee USA was recently featured in Agenzia Fides. Read excerpt below and follow link to full article. 

Religious Leaders Ask the United States to Prevent Financial Crises in the Country

By: Staff

"Religious leaders in their letter, sent to Fides, recall that they have been working to solve the crisis of Puerto Rico since 2015... and have Jubilee USA and national religious organizations like the Catholic Bishops Conference of the United States and the United Church of Christ as partners"

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Eric LeCompte, Executive Director of Jubilee USA was recently featured in Public Finance International speaking on debt and interest rates. Read excerpt below and follow link to full article.

Fed Increases Interest Rates as US Economy Gains Momentum

By: Emma Rumney

"Eric LeCompte, executive director of Jubilee USA, which advocates for a fairer financial system for developing countries, said: 'Over the last few years, poor countries took out more loans from wealthy countries because interest rates were so low.

'As the Fed raises rates and the dollar becomes stronger, many poor countries will see debt payments going up. Too many poor countries are still struggling to recover after the global financial crisis and I’m worried about their increasing debt burdens.'"

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Eric LeCompte, Executive Director of Jubilee USA was recently featured in teleSUR speaking on Puerto Rico. Read excerpt below and follow link to full article.

Puerto Rico Debt Control Board Orders Harsh Austerity Measures

By: Staff

"'A deep cut in Puerto Rico's debt is now needed as the oversight board previously noted,' Eric LeCompte, executive director of the religious development group Jubilee USA, said in a statement Monday. 'Without enough debt relief to bring the debt back to sustainable levels, no fiscal plan can be enough for economic recovery.'

'As any fiscal plans are implemented, special attention must be paid to protecting vulnerable communities,' he added."

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Eric LeCompte, Executive Director of Jubilee USA was recently featured in Financial Advisor speaking on tax and transparency. Read excerpt below and follow link to full article.

Treasury Eyes Money Laundering In Luxury Real Estate

By: Thomas Kostigen

"The reason title insurance companies are being drawn into regulations is because cash transactions of real estate aren’t monitored. Banks and mortgage companies, however, do have controls for detecting money laundering activities.    

'Luxury real estate transactions can be used to launder money,' affirmed Eric LeCompte, executive director of Jubilee USA, a nonprofit that lobbies for financial reforms, in a prepared statement. Further, such purchases can support tax evasion and drive up real estate prices, he said."

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