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Bankers contend NCUA already violating law in FOM expansions

first_img continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The NCUA already is using its new—and illegal– Field of Membership rules to greatly expand the reach of specific credit unions, the American Bankers Association said Tuesday, in its lawsuit against the agency.The ABA contends that the NCUA has approved expansions that “are not limited to a single ‘well-defined local community, neighborhood, or rural district,’ as required by the Federal Credit Union Act,” the ABA said.In October, the NCUA board approved rules that board members said would provide credit unions with more flexibility to determine their fields of membership. Then-board Chairman Rick Metsger said the rules would make it easier for people to gain access to affordable financial services.last_img read more

Newcastle 1-2 Arsenal: Relentless Magpies downed by Giroud double

first_imgOlivier Giroud scored two goals in four minutes as Arsenal beat Newcastle to continue their pursuit of second-placed Manchester City.After City beat West Brom, the Gunners kept a point behind their rivals with a sixth successive win but they hung on as Newcastle improved after half-time.Giroud poked in from Santi Cazorla’s free-kick before heading in a corner.Moussa Sissoko’s finish sparked a response but Arsenal held on after David Ospina saved Remy Cabella’s shot.Key notes:* Arsenal hold on for sixth consecutive league win* Gunners remain one point behind Man City* Olivier Giroud scores ninth goal in nine games* Newcastle 10 points above relegation zone –last_img read more