BASEL, Switzerland–Regulators around the world are responding to a request by the World Council of Credit Unions (WOCCU) for a delay in new Basel III accounting rules as a result of the coronavirus pandemic.
THE globe
CU News From Around the Planet
KIEV, Ukraine–After initially being told they would remain closed through April 24, credit unions in Ukraine have reopened with a provision they provide personal protective equipment to employees and members.
MADISON, Wis.–Credit unions around the world are going to experience “three waves” of fallout from the coronavirus pandemic, and they need to be prepared for each—and to “shine,” according to the World Council of Credit Unions (WOCCU).
SEOUL, South Korea-- South Korea's credit unions saw their combined net profit drop 15.2% in 2019 from a year earlier due to increased operating costs, according to newly released data.
DUBLIN, Ireland–It isn’t just credit unions in the U.S. seeking to work with regulators to find ways to respond to the coronavirus.
MADISON, Wis.—The World Council of Credit Unions (WOCCU) has launched a new online resource for credit union professionals interested in sharing stories about their digitization efforts and tracking the progress of Challenge 2025: the digitization of the global credit union system.
DUBLIN, Ireland–A subprime lender that has recently entered Ireland’s market and which charges APRs as high as 50% is reporting it has added €2.3m and added over 1,000 customers in Ireland in three months as it continues to gro
LONDON—The United States. is 17th in terms of the most secure countries when it comes to cyber readiness, a new report suggests.
LONDON—Central banks will ask world leaders to back a “roadmap” for cutting the cost of cross-border payments, the Bank for International Settlements (BIS) said.
MADISON, Wis.–In the new 2020 edition of the Global Regulatory Update from the World Council of Credit Unions, the organization says an increased focus on digitization will force credit unions and other financial cooperatives to “navigate a complicated, intertwined and often inconsistent set of regulations.”