Independent Community Bankers of America (ICBA) President and CEO Camden R. Fine released a statement after the recent federal court hearing on ICBA’s lawsuit against the National Credit Union Administration (NCUA) regarding its member business loan (MBL) final rule.
Senior Judge James C. Cacheris considered NCUA’s motion to dismiss ICBA’s case during the hearing and said he expects to rule on the motion after Jan. 1, 2017, which is when the MBL rule is set to become effective.
Read on to find out what Fine had to say in support of ICBA’s case.