LUBLIN, Poland–In some single rooms, there are three families sharing limited space and bunk beds. In the hallways, clothes hang on racks to dry. There is a shared bathroom on each floor. And everyone who lives there is thankful to have it.
THE globe
CU News From Around the Planet
LVIV, Ukraine–The executive director of a credit union in Ukraine is crediting assistance from the World Council and the fact its members are borrowing again for helping it to regain its footing and remain open as this country remains under attack from Russia.
LONDON—Several banks are in advanced discussions with British law enforcement and government agencies to establish two “groundbreaking” pilot programs aimed at sharing intelligence on significant financial crimes such as money laundering and terrorism financing.
HONG KONG—Hong Kong and Shanghai Banking Corporation (HSBC) — the biggest bank in Hong Kong — has reportedly introduced its first local cryptocurrency services.
SAN FRANCISCO—Visa, which has long been the world’s most popular debit card provider, has knocked off its top perch by China UnionPay, according to new research.
VANCOUVER, B.C.–Several credit unions and banks in British Columbia have been fined for failures in mortgage documentation.
OTTOWA, Canada—Payments Canada is undertaking a second review of its upcoming real-time payments system, Real-Time Rail (RTR), further delaying its launch, according to a new report.
MADISON, Wis.–Ukrainian credit unions have now issued more than 1,000 loans through the $1 million USAID/Worldwide Foundation for Credit Unions’ (WFCU) Liquidity Fund, according to the World Council of Credit Unions.
LONDON—British banks are collaborating and sharing information in an effort to crack down on the country’s money laundering problem and illicit asset flows from Russia.
EDMONTON, Alberta–Alberta’s credit unions have announced a new Women in Ag grant aimed at women in the province who are currently working in or planning to work in agriculture.