The on-going lawsuit between the American Bankers Association (ABA) and the National Credit Union Administration (NCUA) over the agency’s field-of-membership (FOM) rule recently intensified.
The ABA responded to the NCUA’s approval of multiple FOM expansions with a court filing reiterating its contention that the rule violates federal law.
Get up to speed with the latest development in this long-running debate between bankers and credit unions.