Credit unions should consider the quantifiable aftershock of a damaged reputation
The Temporary Corporate Credit Union Stabilization Fund received a clean audit opinion for the fifth consecutive year.
Financial reports also reveal a continued decline in legacy asset credit ratings.
The NCUA received $1.073B of the $1.4B JPMorgan settlement. Lawyers got the rest.
In an exclusive interview, watchdog Congressman Darrell Issa (R-Calif.) confirms net settlement number revealed last week by an unnamed NCUA source.
NCUA board member says White House overrode objections.
JP Morgan settlement a great holiday present, Matz says.
Trades say rollback of corporate bailout assessments should follow.
Settlement resolves suits over corporate credit union failures.
The NCUA would not confirm an Oct. 21 report that it has agreed to a tentative settlement with JP Morgan over mortgage-backed securities sold to failed corporate credit unions. The NCUA filed suit against JP Morgan Securities in June 2011, seeking to recover more than $800 million in losses to...