D.C. District Court invalidates part of NCUA rule

A U.S. District Court judge has invalidated a provision of the National Credit Union Administration's Field of Membership rule added in 2016 that allowed community credit unions to serve large regions covering multiple metro areas with huge populations. Overturned in a memorandum opinion from Judge Dabney Friedrich of the U.S. District Court for the District of Columbia were the expanded definitions found in the NCUA's December 7, 2016 [81 FR 88412] rule for the terms "local community" and "rural district." The Court ruled that the NCUA violated the Administrative Procedure Act in expanding the scope of the two definitions by "exceeding the agency's statutory authority."