THE globe

CU News From Around the Planet

MENLO PARK, Calif.— Global regulators expressing opposition to Facebook’s Libra initiative around a new cyber currency, and even members of its own Libra Association are having serious doubts of their own, a new report indicates.

ZURICH, Switzerland—Seven mobile payment service providers in mainly smaller European countries plan to join forces to create a cross-border network open to millions of users, the European Mobile Payment Systems Association (EMPSA) said.

SAN JUAN, Puerto Rico—After two years of efforts, the Financial Oversight and Management Board for Puerto Rico is reporting little to no progress in reforming the Public Corporation for the Supervision & Insurance of Cooperatives in Puerto Rico (COSSEC), a new report claims.