J.P. Morgan, others named in sale of $2.2 billion in failed mortgage-backed securities that led to collapse of WesCorp, U.S. Central and Southwest Corporate.
Ninth suit filed so far by NCUA in the sale of toxic mortgage-backed securities to corporate credit unions.
NAFCU president says he's disconcerted that $40 million of $170 million recovered from investment banks went to lawyers.
Rep. Darrel Issa (R-Calif.) asks if executive order violated. NCUA pays lawyers more than $40 million of $170 million in Wall Street settlements.
Calling it one more bait-and-switch operator, the NCUA sues Credit Suisse Securities in the collapse of corporate credit unions.
The NCUA on Tuesday filed its ninth securities fraud lawsuit in connection with the collapse of U.S. Central and WesCorp.
Lawsuits pile up against Wall Street banks in corporate collapses. Three settled so far.
80% of NCUA lawsuit claims waved forward after Kansas Federal District Court ruling.
The NCUA’s 2011 Annual Report, posted Tuesday on the regulator’s website, details an agency and industry steadily recovering from the recession.
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.