Oops! CU Trade Groups Retract Statement Saying ICBA Had Missed the Appeals Deadline

Credit union trade groups issued a correction after saying the legal deadline had passed for community bankers to file an appeal in their lawsuit against the National Credit Union Administration's Member Business Loan rule.

In a statement, the Credit Union National Association and National Association of Federally-Insured Credit Unions acknowledged that the Independent Community Bankers of America (ICBA) has until March 27 to appeal the case.

In an earlier statement, the credit union trade groups had stated that ICBA had missed a February 23 deadline to appeal the case.

Read the statement.