BUCHAREST, Romania–A credit union delegation from England and Scotland has completed a week-long trip to visit their counterparts in Romania.
CU News From Around the Planet
COPENHAGEN, Denmark–While inconceivable to many Americans, a Danish bank has introduced a new mortgage with a negative interest rate. In other words, borrowers pay less on the mortgage than the amount borrowed, not including one-time fees.
LONE TREE, Colo.–Two Colorado credit unions hosted a representatives of a credit union from Ireland as part of what was called a “collaborative exploration of strategy and best practices.”
PARIS—Governments of approximately 15 countries, including Australia, Singapore and the Group of 7 (G7) members, have joined hands to develop a system to fight money laundering in cryptocurrencies.
MADISON, Wis.—A farmers’ cooperative in rural Kenya has commissioned a new crop irrigation system thanks to an agricultural lending product developed by World Council of Credit Unions (WOCCU) and the Kenya Union of Savings and Credit Co-operatives Ltd. (KUSCCO).
CAMBRIDGE, Mass.—Consumers in Asian-Pacific countries are some of the most advanced when it comes to digital engagement with financial services, with 73% of consumers believing they should be able to accomplish any financial task on a mobile device, a new report shows.
NEW YORK–Nigerians in the U.S. are attempting to charter a credit union to serve their community.
NEW YORK—Some Canadian consumers have had their credit card debt erased by one bank. Chase Bank says it is forgiving all outstanding debt owed by users of its two Canadian credit cards as it exits the market.
FOSTER CITY, Calif.—Visa plans to invest in a Southeast Asian payments platform called Gojek, the company reported.
LONDON—The Bank of England, Lloyds Banking Group, HSBC UK, RBS, Monex, Standard Chartered and Bank Hapoalim of Israel have all announced their membership in The Valuable 500 – a worldwide call to action launched earlier this year that is seeking to place disability inclusion at the top of business agendas.