The American Bankers Association (ABA) filed a lawsuit Dec. 7 against the National Credit Union Administration (NCUA) seeking to overturn a recently finalized rule that would expand fields of membership for credit unions beyond the limitations established by Congress.
The move follows recent legal against by a banking trade association against NCUA over its member business lending rule.
Read on to find out more about the latest lawsuit and why ABA felt it needed to challenge it in court.