FRANKFURT, Germany— The European Central Bank has now adopted a strategy that has not yet been considered in the U.S.–paying banks to make loans.
THE globe
CU News From Around the Planet
KINGSTON, Jamaica–With credit unions holding 65% marketshare in the Caribbean, many in the region have turned to their CUs for support during the COVID-19 pandemic, which led to a webinar titled “Credit Unions & COVID-19: The Regional Response.”
BRUSSELS, Belgium—The European Commission said it is considering creating a new authority to police financial crime and monitor banks more strictly.
MENLO PARK, Calif.—Several developments in payments and lending are in the works outside the U.S. that credit unions might want to give attention, as the companies behind the efforts often bring those same initiatives to the U.S.
MADISON, Wis.– During a Global Women’s Leadership Network (GWLN) Sister Society meeting participants raised concerns from ranging from starvation and domestic violence to moms' working from home while trying to school their children
MADISON, Wis.—Saying the COVID-19 crisis has further exposed the major disparity between credit unions that offer digital financial services and those that do not, the Worldwide Foundation for Credit Unions said it is looking to accelerate the digital transformation of credit unions worldwide through a new fundraising campaign
HALIFAX, Nova Scotia–Canada and its provinces are also offering small businesses financial assistance as the result of COVID-19, and credit unions are participating in the various programs.
NEW YORK—The projected total cost of financial crime compliance across the global finance sector amounts to around $180.9 billion, a new report by LexisNexis Risk Solutions reveals.
KIEV, Ukraine–Credit unions in Ukraine, like their counterparts around the world facing a significant slowdown in business due to the coronavirus pandemic, are looking to leverage “5C” technology.
BEIJING–Will China serve as a leading indicator for what the United States can expect in terms of loan growth in the coming months as a result of the coronavirus pandemic?