THE globe

SEOUL, South Korea–Representatives of five credit unions from Oregon travelled overseas to do a “deep dive examination” of South Korea’s largest credit union system, according to the World Council of Credit Unions.

CAPE TOWN, South Africa—South Africa’s financial regulator has declared digital assets financial products, while Dubai has announced plans for a Fintech Summit.

BEIJING—Transactions with China’s central bank digital currency exceeded 100 billion yuan in value ($13.9 billion) as of Aug. 31, 2022, rising from almost 88 billion yuan by the end of 2021, the People’s Bank of China (PBOC) announced.

BRUSSELS–In another indicator of the kinds of changes that may have a bearing on the auto lending market in the U.S. a decade from now, the European Union has reached a deal to effectively ban new combustion-engine cars from 2035.

BEIJING—Transactions with China’s central bank digital currency exceeded 100 billion yuan in value ($13.9 billion) as of Aug. 31, 2022, rising from almost 88 billion yuan by the end of 2021, the People’s Bank of China (PBOC) announced.

RALEIGH, N.C.—More than 50 credit union women from four countries and 15 U.S. states along with industry experts met here as part of the Global Women’s Leadership Network’s (GWLN) 2022 Executive Readiness Summit.

DUBLIN, Ireland–For a record-setting eighth year in a row,  Ireland’s credit unions have topped a ranking of the best customer experience in country as part of the  at the CXi awards. 

KYIV, Ukraine–The challenges to credit unions, their members and employees only continue to grow, according to an update from the World Council of Credit Unions.

KYIV, Ukraine.—More than 17,000 gallons of diesel fuel is being distributed free of charge to credit union member farmers in Ukraine as part of the Worldwide Foundation for Credit Unions’ (WFCU) ongoing relief activities in the country.

JERUSALEM—Central banks in Israel, Norway and Sweden will team with the Bank of International Settlements (BIS) to explore how CBDCs can be exploited for international retail and remittance payments.