National Credit Union Administration sued over updated membership rule

Not more than a day after the National Credit Union Administration published its Field of Membership final rule in the Federal Register, the American Bankers Association filed a lawsuit. To the trade group, the final rule steps away from the intended purpose of credit unions to serve only a single, well-defined local community. http://www.housingwire.com/articles/38711-national-credit-union-administration-sued-over-updated-membership-rule ❤️ #share #mortgage