BEIJING, China–China’s growing consumer class is also learning about a growing problem in the U.S.: their data can be breached.
CU News From Around the Planet
KINGSTON, Jamaica–Community and Workers of Jamaica (C&WJ) Co-operative Credit Union is about to become the largest credit union in this country by assets following its merger with the St Elizabeth Co-operative Credit Union (STECCU).
PENRITH, England–Eden & South Lakeland Credit Union (ESLCU) has been awarded a £5,000 grant from Unity Bank to revamp its website to attract new members and provide a better user experience.
OTTAWA, Canada—The Canadian government has postponed the release of its final regulations for cryptocurrency and blockchain companies.
SWANSEA, U.K.–A credit union has abruptly closed here and left the national deposit insurance fund to pick up costs related to making members whole.
MEXICO CITY – Mexico’s next government will look to fintech companies and large corporate banks to increase financial inclusion in the country, where only one-third of adults have a bank account, senior officials said.
SEOUL, South Korea—The Blockchain Law Society has launched in South Korea with a clear mandate to create a proper regulatory framework for the blockchain and associated cryptocurrencies.
MADISON, Wis.–The World Council of Credit Unions (WOCCU) has sent a comment letter to the Financial Stability Board regarding its consultative document Cyber Lexicon.
LONDON–Equifax has been hit with the maximum possible fine under U.K. law for "multiple failures" that contributed to its massive 2017 data breach.
BEIJING, China—The commercial, state-backed Bank of China (BOC) and financial services corporation China UnionPay (CUP) have entered into a partnership.