NCUA Chairman Rick Metsger said in May that he was ready to take on the banks over the agency's forthcoming field of membership rules.
Bankers, who contended that an expansion of credit union fields of membership will give them an unfair edge, already are arming themselves for a legal brawl in federal court.
The Independent Community Bankers of America is using a legal defense fund to help pay for its lawsuit against the NCUA over business lending rules. In a Frequently Asked Questions section of the defense fund website, the ICBA makes its intentions clear:
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