CU News From Around the Planet
MADISON, Wis.—In the weeks since Hurricane Dorian devastated several credit unions in The Bahamas, an additional $100,000 has poured into Worldwide Foundation for Credit Unions’ Project Storm Break fund—bringing the total amount donated to more than $200,000.
FREEPORT, Bahamas–Additional updates on conditions in the Bahamas as well as on its credit unions and their members following Hurricane Dorian continue to be received by the World Council of Credit Unions.
WASHINGTON–Dozens of representatives from UNICRED–one of Brazil’s largest credit union systems—visited Washington this week to learn about the U.S. credit union system and explore “innovative strategies to improve member service” as part of a World Council of Credit Unions’ Global Classroom visit.
DHAKA, Bangladesh–A two day Bangladesh Credit Union Forum was hosted here by the Cooperative Credit Union League of Bangladesh with a goal of building “strong and bold” leaders.
PURCHASE, N.Y.–A new study from Mastercard reveals that since 2009, the number of international overnight visitors grew a dramatic 76%.
FRANKFURT, Germany—The European Central Bank is being advised by ECB board member Yves Mersch that Facebook’s Libra could affect its ability to set monetary policy.
MENLO PARK, Calif.— Global regulators expressing opposition to Facebook’s Libra initiative around a new cyber currency, and even members of its own Libra Association are having serious doubts of their own, a new report indicates.
ZURICH, Switzerland—Seven mobile payment service providers in mainly smaller European countries plan to join forces to create a cross-border network open to millions of users, the European Mobile Payment Systems Association (EMPSA) said.
SAN JUAN, Puerto Rico—After two years of efforts, the Financial Oversight and Management Board for Puerto Rico is reporting little to no progress in reforming the Public Corporation for the Supervision & Insurance of Cooperatives in Puerto Rico (COSSEC), a new report claims.
MEXICO CITY—Mexicans residing overseas, primarily those working in the U.S., sent $3.27 billion in remittances home in July, a new report shows.
