January 25, 2017
A federal judge in Virginia has dismissed a banking industry lawsuit seeking to overturn a rule that allows federally regulated credit unions to increase business lending, saying the suit was filed far too late and that the industry group that filed the suit could prove no injury from the regulation.
November 03, 2016
The federal credit union regulator on Wednesday said a lawsuit filed by a community bank industry group seeking to overturn a rule allowing credit unions to increase their business lending beyond federal caps should be dismissed because the group has no standing to sue.
September 07, 2016
An industry group representing community banks on Wednesday sued the National Credit Union Administration, seeking to overturn a rule that community banks say would eviscerate a limit on commercial lending by credit unions and put small banks at a further disadvantage to their tax-exempt competitors.