LEICESTER, England–Clockwise Credit Union here along with Transave Credit Union have received the 5-star Fairbanking Mark for their loan products.
CU News From Around the Planet
NEW DELHI, India—Apple has halted plans to bring digital payments to India, thanks in part to regulatory hurdles and challenges in creating a service that works with the UPI platform in the country.
NEW DELHI, India—Payments platform TransferGo has launched a real-time payments corridor to India, the world’s biggest remittance receiver, using Ripple’s blockchain technology.
CANBERRA, Australia–Perhaps fittingly, in what appears to be a scenario upside down when compared to that in the U.S., bankers in the Land Down Under are calling for the closure of a “loophole” in consumer protections that allow credit unions and others to act in ways they say don’t protect borrowers of short-terms loans.
MADISON, Wis.–The World Council of Credit Unions (WOCCU) said it has partnered with Gov. Tom Ridge, the first U.S. Secretary of Homeland Security and Chairman of the Ridge Global Cybersecurity Institute, to launch a Cybersecurity Oversight for Executives course
DETROIT – The Detroit Lions have announced a new partnership with WFCU Credit Union, their first Canadian partner in franchise history and the first Canadian financial institution to be recognized as an official partner with a National Football League team.
MADISON, Wis.–The World Council of Credit Unions (WOCCU) is calling on theFinancial Stability Board, the Basel Committee on Banking Supervision and number of other international standard setting agencies to reduce Basel III’s capital requirements for issuers, clearers and users of interest-rate swaps and caps to help better ensure continued access to interest rate derivatives for credit unions.
VIENNA, Austria—Economic and financial affairs ministers from the 28 member nations of the European Union will soon convene an unofficial meeting to discuss the challenges posed by crypto assets as well as the possibility of enacting stern regulations, Bloomberg reported.
MEXICO CITY—Mexico in July recorded a 10.3% percent boost in its remittances on a yearly basis, marking the 28th month in a row remittances have grown in this country, according to new data from the Central Bank of Mexico (Banxico).
HALIFAX, Nova Scotia– Provincial Government Employees Credit Union and East Coast Credit Union have opened Atlantic Canada's first shared credit union branch.