Federal Appeals Court Upholds Huge Portion of FOM Rule

The appeals court overturns parts of a lower court's decision finding the agency overstepped its bounds in amending the FOM rules.

By David Baumann | August 20, 2019 at 01:57 PM

A federal appeals court on Tuesday dismissed virtually all of the American Bankers Association's challenge to the NCUA's Field of Membership updates, saying that Congress gave the agency wide discretion to make those decisions.

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By Michael Ogden | May 17, 2024

Hunt, with America's Credit Unions, states credit unions are being stressed under CFPB and NCUA regulations.

By Jim DuPlessis | May 17, 2024

The director promises to hire more investigators, resume delayed enforcement actions and fight against "junk fees".

By Jim DuPlessis | May 16, 2024

In 7-2 ruling, justices dismiss arguments of payday lenders and CUs that the funding mechanism is unconstitutional.

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