National Credit Union Admin. v. First Nat. Bank & Trust Co., 522 U.S. 479, 40 (1998)

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518

NATIONAL CREDIT UNION ADMIN. v. FIRST NAT. BANK & TRUST CO.

O'Connor, J., dissenting

The Court's attempt to distinguish Air Courier, ante, at 498-499, is instructive in this regard. The Court observes that here, unlike in Air Courier, the plaintiffs suffer "competitive and direct injury." 498 U. S., at 528, n. 5. But the lack of competitive injury was pertinent in Air Courier because the statutes alleged to have been violated—the PES— were "competition statutes that regulate the conduct of competitors." Ibid. The common bond provision, for all the noted reasons, is not a competition law, and so the mere presence of "competitive and direct injury" should not establish standing. See Hardin v. Kentucky Util. Co., 390 U. S. 1, 5-6 (1968). Thus, while in Air Courier "the statute in question regulated competition [but] the interests of the plaintiff employees had nothing to do with competition," ante, at 499, here, the common bond provision does not regulate competition but the interests of the plaintiff have everything to do with competition. In either case, the plaintiff's injury is at best "marginally related" to the interests sought to be protected by the statute, Clarke, supra, at 399, and the most that can be said is that the provision has the incidental effect of benefiting the plaintiffs. That was not enough to establish standing in Air Courier, and it should not suffice here.

IV

Prudential standing principles "are 'founded in concern about the proper—and properly limited—role of the courts in a democratic society.' " Bennett, supra, at 162 (quoting Warth v. Seldin, 422 U. S. 490, 498 (1975)). The zone-of-interests test is an integral part of the prudential standing inquiry, and we ought to apply the test in a way that gives it content. The analysis the Court undertakes today, in my view, leaves the zone-of-interests requirement a hollow one. As with the example in National Wildlife Federation, where the reporting company suffered injury from the alleged statutory violation, but the injury to the company's commercial interest was not within the zone of interests protected by

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