Financial services stand united in Ohio Supreme Court

Published by: Sean Brown

July 10, 2024 | Regulatory

When the stroke of a pen could alter the landscape of the financial services industry, all parties involved must find a way to unite and stand up for the people, communities, and businesses they serve. That is why the Ohio Credit Union League joined forces with the Ohio Bankers League, America’s Credit Unions, and the American Bankers Association on an amici curiae brief in the Supreme Court of Ohio. An adverse ruling in this case could jeopardize the usage, or reliability, of standard guarantor contracts in commercial lending. The financial groups worked in coalition to have this case heard by the Supreme Court of Ohio and intend to be a part of the group that wins in the Supreme Court of Ohio.  Predictable, reliable, and responsible commercial lending agreements have been in existence for more than one century and are vital to credit unions’ ability to provide fair, safe, and secure loans. The League will continue to see this case through and will provide updates as they become available.

Contact Sean Brown for questions or assistance.

Sean Brown
Sean Brown Director, Regulatory Affairs E: sbrown@ohiocul.org
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