Draft:Minnesota Bankers Association

The Minnesota Bankers Association (MBA) was formed on January 10, 1889 at the Merchants Hotel in St. Paul, MN. The MBA serves as a champion for Minnesota Bankers.

Lawsuit against the FDIC
In July 2023, the Minnesota Bankers Association sued the Federal Deposit Insurance Corporation (FDIC) seeking declaratory and injunctive relief under the Administrative Procedures Act (APA) against the FDIC. The complaint alleges that FIL 40 is a legislative rule promulgated without adherence to the APA’s notice and comment rulemaking procedures, resulting in arbitrary and capricious agency action, and that the FDIC exceeded its statutory authority. The FDIC was granted a motion to dismiss on April 9, 2024. On June 5, 2024, the MBA filed an appeal on the lawsuit.