CU system sees major victory as SCOTUS denies ABA appeal on FOM rule

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The U.S. Supreme Court today denied an appeal from the American Bankers Association (ABA) to void NCUA field of membership (FOM) rule, a decision that marks the end of bankers’ nearly four-year battle to undo NCUA’s FOM rule finalized in October 2016. CUNA has long supported the rule and NCUA’s authority to provide oversight for the credit union industry.

https://news.cuna.org/articles/118032-cu-system-sees-major-victory-as-scotus-denies-aba-appeal-on-fom-rule