Chairman Debbie Matz says bids for payments operation "did not meet NCUA's responsibility to minimize service disruptions and impose the lowest possible cost."
ACH and related lines of business not included last week's eCom sale to CO-OP.
Announcement follows October bidding.
Kansas-based payments processor said to be, along with Fiserv, one of two bidders for U.S. Central.
Despite an earlier indication from the NCUA that the regulator hoped to reach a decision about how best to dispose of the assets of conserved corporate Western Bridge in November, that month came and went with no announcements.
Saying that it failed to disclose the risks to two now-defunct corporate credit unions, the NCUA is suing the company formerly known as Wachovia Securities.
November gone, sources say NCUA board meeting on Dec. 15 should include an announcement.
Agency goes after firm now known as Wells Fargo Securities for mortgage-backed securities sales to U.S. Central, WesCorp.
Is $2.5 million flow of "other income" in August statement Corporate America's settlement? No one's saying.
The blockbuster credit union trial of the summer won’t happen. That is the news out of Birmingham, Ala., as word circulated that the headliner suit filed by Corporate America against an all-star roster of credit union luminaries who had been officers and directors of failed U.S. Central has been settled...