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Home » Summary judgment hearing for FOM suit set for March 14
Policy & Issues

Summary judgment hearing for FOM suit set for March 14

March 4, 2018

The U.S. District Court for the District of Columbia has scheduled a hearing on the summary judgment motions in the lawsuit against NCUA's field-of-membership rule for 10 a.m. (ET) on March 14.

NCUA finalized its rule in October 2016, which provides more flexibility in the definition of communities, facilitates consumer and small business access to credit unions and makes it easier for credit unions to serve their members. 

The American Bankers Association filed its lawsuit in December 2016 alleging that NCUA overstepped their authority when issued the rule. NCUA filed a motion to dismiss in March and CUNA filed a joint amicus brief supporting NCUA in June.  

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Alternative lending, compliance management systems, and ideas for boosting credit card portfolios are among the topics of Credit Union Magazine’s Winter 2019 edition.
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Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

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