NCUA’s Metsger speaks out against a court ruling concerning FOM.

A federal judge failed to follow a well-established legal doctrine when she threw out two portions of the NCUA’s Field of Membership rule, NCUA Board Member Rick Metsger said Thursday.

“Our rural district definition is neither arbitrary nor capricious, it is designed to solve very real financial access problems for residents of rural America,” Metsger said, according to the text of a speech he delivered before the Minnesota Credit Union Network’s annual conference.

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David Baumann

 

Credit Union Times

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