LONDON—The Bank of England (BoE) is inviting applications from companies on a sample wallet that could one day hold its central bank digital currency (CBDC).
THE globe
CU News From Around the Planet
DUBLIN, Ireland–This country’s credit unions are on track to be the main lenders to households and small businesses in up to 50 towns across Ireland within five years, according to one of the country’s trade associations.
LONDON-The U.K.’s Financial Conduct Authority (FCA) has fined Metro Bank £10 million for breaching the listing rules by publishing incorrect information to investor.
MEXICO CITY—Mexican families received a record high of $48.3 billion in remittances from January to October.
LONDON—The U.K. Payment Systems Regulator (PSR) has fined Barclays £8.4 million for failing to comply with the Interchange Fee Regulation (IFR).
TOKYO—The Japanese government is preparing to adopt the Financial Action Task Force’s crypto anti-money laundering (AML) guidelines -- placing them into the legal code – after the country’s parliament voted in favor of the measure.
NEW DELHI, India—India is on course to maintain its position as the top recipient of remittances, with migrant workers on track to send home a record amount of money this year, a new report shows.
MADISON, Wis—As the season of giving comes to an end, the CEOs of two credit unions are challenging their peers to support the Worldwide Foundation for Credit Unions’ Bridge the Gap campaign.
WASHINGTON—Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, growing an estimated 5% to $626 billion, The World Bank reported.
NEW YORK—Mastercard has lost a bid to narrow the size of the U.K.’s largest-ever class action claim over its payment fees after appeal judges rejected its attempt to exclude some three million people who died since the claim was first filed, Bloomberg reported.