2016-12-08
Geographic regions known as “rural districts” are at the heart of the latest turn in the billion-dollar battle between banks and credit unions nationwide.
The American Bankers Association on Wednesday filed a lawsuit against the National Credit Union Administration in an effort to overturn a rule that makes it easier to join a credit union. That rule, which is scheduled to take effect Feb. 6, allows federal credit unions to apply to serve what are defined as “rural districts” — areas of…