CUNA Chairman Mike Mercer gave what he described as a behind-the-curtain look at the credit union issues and strategies being discussed nationally. “As you can imagine,” he said, “none of these strategic issues are easy discussions. But CUNA is not shying away from the dialogue.”
What are potential financial concerns that may be red flags of financial exploitation of a vulnerable adult?
FinCEN is issuing guidance to clarify, for currency transaction reporting purposes, the aggregation of multiple transactions conducted by businesses with common ownership.