Louisiana Federal Land Bank Ass'n, FCLA v. Farm Credit Administration

MEMORANDUM OPINION

URBINA, District Judge.

Granting the Defendants’ Motion for Summary Judgment; Denying the Plaintiffs’ Motion for Summary Judgment

I. INTRODUCTION

This matter comes before the court on cross-motions for summary judgment. The plaintiffs, Farm Credit Bank of Texas (“FCB-Texas”) and others, 1 seek a declaratory judgment that a regulation (“the Final Rule”) promulgated by the defendant, the Farm Credit Administration (“FCA”), is invalid. The Final Rule repealed existing FCA regulations that required Farm Credit System (“System”) lending institutions to obtain consent from other…