Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As payday lenders sue banking regulators over Operation Choke Point, one plaintiff said other regulators like the NCUA could potentially be targeted.

“We have named the FDIC, OCC, the Fed, and Thomas Curry as defendants in this litigation because we believe that their backroom pressure and guidance on reputational risk has played the central role in causing banks to terminate long-standing, mutually beneficial relationships with lawful, responsible businesses,” wrote Amy Cantu, communications director for the CFSAA in an email response to a question about whether the litigation could eventually involve NCUA. “Over time, we may find it necessary to add other agencies as defendants,” she added.

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?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.