Capital Briefs: Judge Spurns ABA in Credit Union Case

A federal judge has rejected the American Banker Association's request to participate in a California case challenging occupation-based credit unions.

U.S. District Judge Richard A. Paez said in a Feb. 4 order that he denied the motion because the case is on hold pending the Supreme Court's decision in a similar case involving AT&T Family Federal Credit Union. The ABA may renew its request once the stay has been lifted, the judge said.

The California Credit Union League praised the ruling. "We are feeling pretty energized," said Joseph A. McDonald, the group's general counsel. "It is almost a feeling of being able to kick sand in the face of a big bully."

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