WARSAW, Poland–At least a half-dozen individuals who once worked for this country’s financial regulator have been detained as part of an investigation into potential wrongdoing.
CU News From Around the Planet
MADISON, Wis.–The World Council of Credit Unions has partnered on a new project called “Project Storm Break” that aims to raise funds by redirecting money that would otherwise be spent on printed holiday cards toward disaster relief.
LONDON–The winners of the Joe Biden Awards for Development Educator of the Year from around the world were presented during a ceremony here.
BRUSSELS —The European Parliament Credit Union Interest Group met here with the European Network of Credit Unions to discuss limiting regulatory burdens on credit unions as a means of promoting access to financial services for ordinary Europeans.
BASEL, Switzerland—The number of worldwide correspondent banking relationships continues to decline, according to new figures released by the Financial Stability Board (FSB).
WALES, U.K.–With Christmas approaching, Credit Unions of Wales, which represents the 18 credit unions in the country, has launched a campaign called “Credit2Wales” aimed at providing people from high-cost lenders.
NEW YORK—American Express has become the first U.S. credit card company to get the green light to start building its own payments network in China.
ONTARIO, Canada–The biggest credit union in Ontario has cleared a regulatory hurdle in its efforts to launch a new national bank.
SAULT STE. MARIE, Mich.–A “walkabout” program during which U.S.-based credit union leaders can learn about and from their Australian counterparts has been announced for 2019.
WASHINGTON—The International Monetary Fund (IMF)said it plans to use its ongoing research and experimentation with blockchain as an “anchor” for its future policy on the technology.