A federal regulator can move forward with an administrative enforcement action against the former CEO of a Texas credit union after a federal appeals court ruled that a district judge lacked jurisdiction over the executive’s legal challenge.
Federal law bars district courts from hearing challenges to administrative actions filed by the National Credit Union Administration and federal banking regulators, the US Court of Appeals for the Fifth Circuit said.
The ruling affirms an April 2024 decision in the US District Court for the Southern District of Texas that dismissed a lawsuit from Jeffrey Moats, the former CEO of the ...
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