Since the Troubled Asset Relief Program was authorized, the U.S. Treasury Department has initiated a number of efforts
under the program, disbursing $385 billion for loans and equity investments, according to testimony by the Government Accountability
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.