ALEXANDRIA, Va. — NCUA has filed arguments with a federal court seeking to have a lawsuit brought by a banker led charter change group dismissed.
The suit was brought by Coalition for Credit Union Charter Options and argued against its regulations governing the CU-to-bank charter conversion process. The Coalition of Credit Union Charter Options is a banker led group that claims to include credit unions and lobbies in favor of credit union to bank charter change. The organization has never released its membership list or even revealed how many CUs it claims to have as members.
In its filing the agency challenged the suit on the grounds that the Coalition was complaining about regulations that had since been superseded and that the Coalition lacked standing to bring the case.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
