SAN JUAN, P.R.–A Puerto Rico credit union, Cooperativa de Ahorro y Credito Vegabajeña, has filed suit against the island’s Employees Retirement System (ERS) to enforce its statutory liens over 37 claims it has against the entity resulting from defaulted loans given to employees.
THE globe
CU News From Around the Planet
LONDON—Seventy-three percent of U.K. consumers don’t know what a cryptocurrency is or are unable to define it, according to a new survey from the country’s financial watchdog, the Financial Conduct Authority (FCA).
MEXICO CITY, Mexico—The Mexican central bank and Amazon are in talks to introduce a government-approved mobile payment system, a new report reveals.
KILWINNING, Scotland–A new credit union at Kilwinning Academy here is being called Scotland’s first.
MADISON, Wis.–The World Council of Credit Unions World Council is calling on the Basel Committee on Banking Supervision to make the use of daily averages in leverage ratio disclosures optional for non-complex depository institutions, such as credit unions and other community-based mutual depository institutions, that follow standardized risk-based capital rules.
WASHINGTON–TheGlobal Women’s Leadership Network (GWLN) marked its 10thanniversary here by unveiling a new app.
MADISON, Wis. —The World Council of Credit Unions has announced “four world-renowned speakers” for its 2019 World Credit Union Conference, set for July 28-31 in The Bahamas
MADISON, Wis.—To mark International Women’s Day last week, the Global Women’s Leadership Network (GWLN) is calling upon the worldwide credit union movement to build a gender-balanced world by encouraging industry women to apply for the Network’s 2019 scholarship.
LONDON–Three credit unions here have been awarded grants from Lloyds Banking Group through its Credit Union Development Fund.
SEOUL, South Korea—South Korea’s financial regulator plans to establish an open interbank payment network this year that can be accessed not only by banks but also financial technology companies, with the goal of bolstering the country’s fledgling fintech business sector.