Hot potato, hot potato, who’s stuck with the hot potato?
The NCUA announced Aug. 30 it filed a suit in Federal District Court in Kansas two weeks earlier against another Wall Street firm that the regulator said sold faulty mortgage-backed securities to failed corporates U.S. Central Federal Credit Union and Western Corporate Federal Credit Union.
The Rand Corp. says rates generally will not be higher as a result of the act’s implementation, as now configured.
The NCUA won a big legal victory Aug. 27 when the U.S. 10th Circuit Court of Appeals in Denver ruled the regulator can proceed with its claims against Wall Street firms over mortgage backed securities sold to the failed U.S. Central Federal Credit Union.
Agency announces Friday it sued Morgan Stanley on Aug. 16 over fault mortgage-backed securities.
Agency hails Tuesday ruling upholding its overtime rights to file actions over corporate collapses.
Topeka and Wichita groups participate in community service projects.
Second senator speaks up for credit unions in ongoing tax reform debate.
Kansas-based third-party originator adds wholesale and mini-correspondent programs.
A lawsuit that challenged the authority of Dodd-Frank to regulate the financial services industry was dismissed Aug. 1 in Washington, D.C. in U.S. District Court.