Members of Congress address the more than 4,400 attendees in D.C.
February 26, 2014
Rep. Peter King, D-N.Y., thanked credit unions for their great service during Super Storm Sandy and was clear in his support. “A tax on credit unions is a tax on the 99 million Americans who use credit unions," he said.
CUNA President/CEO Jim Nussle said Thursday that the field-of-membership rule changes proposed by the National Credit Union Administration at its open board meeting will provide greater choice for consumers, as well as flexibility for credit unions to better serve their communities.
Human trafficking, money laundering, trade-based money laundering and terrorist financing all come with their own sets of red flags for financial institutions. In addition, entities such as money services businesses and cash-intensive businesses can be legitimate, but also have potential to be used for illicit activities.