WASHINGTON - One of the Farm Credit System's largest banks is suing its regulator to block new rules that allow Farm Credit lenders to share loans with commercial banks and other private-sector lenders.

The Farm Credit Bank of Texas and five smaller lenders, which filed suit June 30, argue that the Farm Credit Administration overstepped its authority in amending decades-old lending rules without comment from Farm Credit lenders.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.