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ICBA has until March 27 to file appeal on member business lending rule

WASHINGTON, DC (March 10, 2017) — The Independent Community Bankers of America (ICBA) has until March 27, not Feb. 23, to appeal U.S. District Court Judge James Cacheris’ granting of the National Credit Union Administration’s motion to dismiss the banking trade’s lawsuit against NCUA and its member business lending rule.

CUNA and NAFCU believe the court’s dismissal of the suit this January vindicates NCUA’s rulemaking. The two remain confident that the court will uphold the district court’s ruling regardless of any appeal.

About CUNA

Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.

About NAFCU

The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.