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Appeals Court Refuses to Review Decision Upholding Field-of-Membership Rule

The banking trade group is evaluating its options, including, appealing the ruling to the U.S. Supreme Court.

U.S. Circuit Court of Appeals for the District of Columbia. U.S. Circuit Court of Appeals for the District of Columbia. (Source: Shutterstock)

The American Bankers Association lost another round in its challenge to the NCUA’s Field of Membership Rule Thursday, as the full U.S. Circuit Court of Appeals for the District of Columbia declined to review a panel’s ruling upholding most of the rule.

A three-judge panel of appellate court judges had said the NCUA had not overstepped its powers in amending its FOM rules, but the ABA asked the full appeals court to review the decision.

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David Baumann

 

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