EXHIBIT 23.1


            CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


We hereby consent to the incorporation by reference in this Registration
Statement on Form S-3 of our report dated March 5, 2004 relating to the
financial statements, which appears in the 2003 Annual Report to Shareholders,
which is incorporated by reference in R&G Financial Corporation's Annual Report
on Form 10-K for the year ended December 31, 2003. We also consent to the
references to us under the headings "Experts" in such Registration Statement.



PricewaterhouseCoopers LLP

San Juan, Puerto Rico
September 10, 2004