CU News From Around the Planet
MADISON, Wis.–The World Council of Credit Unions (WOCCU) said it will host a webinar on International Credit Union Day, Oct. 20, during which panelists from credit unions around the world will discuss different ways they have empowered the financial futures of their members and employees.
CANBERRA, Australia—A bill aimed at better regulation of cryptocurrency and other virtual assets in Australia has been drafted by Australian senator Andrew Bragg.
LONDON—Mastercard said it is partnering with Nochex Ltd, a U.K. provider of payment services, to roll out Click to Pay.
MADISON, Wis.—The World Council of Credit Unions is praising proposals by the International Accounting Standards Board (IASB) of the IFRS Foundation to update the IFRS for SMEs Accounting Standard,
LONDON—The U.K.’s Strategic Working Group (SWG), which operates under the Joint Regulatory Oversight Committee (JROC), is planning a series of virtual thematic “strategy sprints” it said are “designed to collate views on the vision and strategic roadmap for the development of U.K. open banking.”
WASHINGTON—The International Monetary Fund is calling for a global platform for cross-border payments.
QUITO, Ecuador—Saying they have a goal of facilitating effective and inclusive employment solutions for migrants, refugees and local residents, the United States Agency for International Development (USAID), World Council of Credit Unions’ (WOCCU) Economic Inclusion Project (EIP), the Ecuadorian Ministry of Labor, CONQUITO and Program Sin Fronteras have joined together to develop “The Guide for the Hiring of Human Talent in Ecuador.”
LONDON—As CUToday.info has been regular reporting, concerns over consumers getting into financial trouble from buy now, pay later (BNPL) offerings continue to rise.
CORK, Ireland–Eleven Credit Unions across Cork city and county have launched a campaign to encourage people to switch to a CU for their current account services.
TORONTO–The country’s credit unions and other smaller lenders are making some headway into this country’s mortgage market, 80% of which is controlled by Canada’s Big Six banks.
