ST. CATHERINE’S, Ontario–Meridian Credit Union here said it is on target to meet the April launch of a new digital bank, saying regulators have signed off on the new offering.
CU News From Around the Planet
LONDON—Almost three quarters (72.6%) of Internet users will access the web solely via their smartphones by 2025, equivalent to nearly 3.7 billion people, according to a new study.
VANCOUVER, B.C.–The largest banks in British Columbia have been growing at a smaller pace than their smaller, community-based credit union counterparts, according to new data.
AHMADABAD, India–While traveling in India to learn more about that country’s cooperatives, Brian Branch, president of the World Council of Credit Unions, was asked during a media interview why India’s credit cooperatives have such small market share and whether co-ops in the U.S. are really “too corporate” to be co-ops.
PARIS—France has imposed a $57 million fine against Google for violations of the EU's General Data Protection Regulation, sending a strong to message to the technology giant that its privacy and data collection practices are inadequate.
BRUSSELS – Mastercard has been hit with a fine of €570.6 ($648.2 million) by the European Commission for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union.
DAMANG, Ghana– The still-new Promprom Cooperative Credit Union has held its first annual general meeting held in the Prestea HuniValley municipality of the Western Region.
BASEL, Switzerland—The Basel Committee on Banking Supervision has finalized amendments to the Basel III market risk framework which introduce a simplified approach that World Council of Credit Unions said it supports.
TORONTO–Ontario’s credit have been given the OK to take part in group loans that are being offered by banks.
BEIJING, China—The Chinese government has approved a policy that will require all users of blockchain-based services to register their real identities with the authorities, in contrast with the technology’s reputation for safeguarding anonymity.