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Front page of court ruling. Front page of court ruling.

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.

“The NCUA possesses vast discretion to define terms because Congress expressly has given it such power,” the U.S. Appeals Court for the District of Columbia said, in its decision. “But the authority is not boundless. The agency must craft a reasonable definition consistent with the Act’s text and purposes.”

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David Baumann


Credit Union Times

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