Builders Bank v. Fed. Deposit Ins. Corp.

Federal 7th Circuit Court
Civil Court
Banking
Citation
Case Number: 
No. 16-2852
Decision Date: 
January 19, 2017
Federal District: 
N.D. Ill., E. Div.
Holding: 
Vacated and remanded

Dist. Ct. erred in dismissing on jurisdictional grounds plaintiff-Bank’s appeal of defendant’s rating of said Bank under Uniform Financial Institutions Rating System. While Dist. Ct. found that it lacked jurisdiction because defendant’s assignment of rating is committed to agency discretion under 5 USC section 701(a)(2), Ct. of Appeals found that Dist. Ct. could resolve questions as to whether defendant’s final rating was arbitrary or whether defendant properly calculated capital rating of plaintiff’s Bank. As such, case was remanded to Dist. Ct. for determination of plaintiff’s appeal on its merits.