Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA reviews options in court FOM decision
ALEXANDRIA, Va. (7/22/08)—The National Credit Union Administration (NCUA) said Monday that it is currently reviewing a U.S. District Court decision that the agency’s approval in 2003 of a six county area in South Central Pennsylvania was “arbitrary and capricious.” An agency statement said the NCUA is disappointed in the decision, but noted that “this decision did not challenge NCUA’s community charter regulations.” “Rather it was a fact-specific challenge to the granting of a six county community in Pennsylvania and affects only those credit unions serving that community,” the NCUA pointed out. The case was known as American Bankers Association vs. NCUA. The court has asked parties to the suit to file briefs addressing the appropriate remedy. (See related story: Court rules against NCUA in Pa. FOM case.)


RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
9 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
12 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
14 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
14 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
14 hours ago