Darrell Issa

• LaCorp Reaps $600,000 Settlement From Credit Suisse

  By Heather Anderson  |  April 17, 2013

  Louisiana Corporate Credit Union has emerged victorious from a decade-long suit involving the liquidation of National Century Financial Enterprises. The corporate, in an announcement last week, said it has agreed to a $600,000 settlement with Credit Suisse, the last remaining defendant in the securities fraud case.

• Settlement Scores $165M from BofA

  By Heather Anderson  |  April 10, 2013

  The NCUA reported April 2 that it scored a $165 million win against Wall Street, reaching a settlement with Bank of America over residential mortgage-backed securities losses at failed corporate credit unions. Bank of America did not admit fault as part of the settlement, the NCUA said in a release.

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  LaCorp Reaps $600,000 Settlement in 2002 Securities Fraud Suit

  By Heather Anderson  |  April 9, 2013

  CEO David Savoie says 98% of losses recovered. Legal fees at 10% sharply lower than NCUA contingent fees.

• NCUA Scores $165 Million Securities Settlement with Bank of America

  By Heather Anderson  |  April 2, 2013

  Corporate collapse settlement totals now top $335 million, agency says. Lawyers to get $84 million. Corporate rescue assessment to be determined.

• OIG Tells Issa That Contingency Fees Are Reasonable

  By Heather Anderson  |  February 20, 2013

  NCUA Inspector General William DeSarno told House Oversight and Government Reform Chairman Darrell Issa (R-Calif.) in a letter that amounts paid to attorneys working under contingency contracts on securities fraud suits are reasonable and are not unnecessarily high.

• OIG Tells Issa Contingency Fees Reasonable, But Redacts Details

  By Heather Anderson  |  February 12, 2013

  NCUA inspector general responds to California congressman's concerns about legal fees for Wall Street suits over securities losses.

• Cordray Fields Questions From House Panel

  By Claude R. Marx, Jim Rubenstein  |  January 31, 2012

  House Republicans asked tough questions of Richard Cordray about his plans for running the Consumer Financial Protection Bureau, but the session wasn’t as hostile as it was when Elizabeth Warren testified.

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  Republicans Push Cordray on Transparency and Legitimacy

  By Claude R. Marx  |  January 24, 2012

  New CFPB director said he would work with credit unions and community banks to better understand impact of its actions.

• House Dem Lashes Committee's GOP Chair for Protecting Banks

  By Marc Rapport  |  January 24, 2012

  Rep. Elijah Cummings (D-Md.) asks Rep. Darrell Issa (R-Calif.) to subpoena mortgage lenders and investigate alleged foreclosure abuses.

• MBL Bills Pick Up Two More Co-Sponsors

  By Claude R. Marx  |  August 4, 2011

  Democratic Sen. Dianne Feinstein and GOP Rep. Darrell Issa, both Californians, have signed on to raising the lending cap.