The Independent Community Bankers of America has decided not to appeal a federal judge's decision to toss an ICBA suit challenging the NCUA's Member Business Lending rules.
"Instead, ICBA will explore all avenues for redress of the NCUA's unjustified and outrageous expansion of limitations on credit union commercial lending activities under current congressional statutes," ICBA President/CEO Camden Fine said.
Fine went on to say that the NCUA is a "captive regulator" of credit unions and that the ICBA will take the issue to Capitol Hill.
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