The National Credit Union Administration (NCUA) recently filed a memorandum requesting dismissal of the lawsuit filed by the Independent Community Bankers of America (ICBA) challenging NCUA’s final rule in March 2016 that changed the standards for how credit unions make commercial loans.
The Credit Union National Association and the National Association of Federal Credit Unions support NCAU’s move for the case’s dismissal.
Read on to learn more about NCUA’s arguments against ICBA’s lawsuit.