The attorneys general for Kansas and South Carolina on March 27 joined the National Association of State Chartered Credit Union Supervisors in its lawsuit to block a federal regulation that would alter governance of the industry's liquidity centers and trade groups.

The state regulators' association filed suit on Feb. 28 against the National Credit Union Administration, charging the agency's plan to ban shared management between industry liquidity centers and trade groups tramples over state's rights. Twenty-seven of the 43 corporates, as well as U.S. Central Credit Union in Overland Park, Kan., are state-chartered.

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