The NCUA receives $1.1 billion from Royal Bank of Scotland to pay claims against five credit unions.
Court documents show claims were filed for about 67% of identified eligible accounts in the class-action suit.
The agency will receive more than expected in a settlement on claims arising from corporate credit union losses.
Settlement brings the NCUA’s total recoveries from Wall Street firms to more than $3 billion.
Settlement class members can receive up to $10,000 each; consumers can get up to $75 for their inconvenience.
HFS Committee says the CFPB's use of disparate impact puts discrimination payouts in the wrong hands.
Attorneys for FIs suing the retailer over a 2014 breach tell their clients to hold off on accepting settlement offers.
One credit union is offered less than $2,000 to cover breach losses; a bank receives an offer of $1.18 per card.
Attorneys for breached FIs accuse the retailer of sending out misleading and coercive communications.
The retailer’s $39 million settlement marks the first time FIs will recover losses from a data breach.