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By David Morrison |
July 24, 2011
The definition of what or will not constitute a qualified residential mortgage may be the most important and least appreciated or understood financial regulation facing credit unions this year.
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By David Morrison |
July 22, 2011
This look at a key Aug. 1 deadline is just one of the articles that will appear in the next edition of Credit Union Times.
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By Claude R. Marx |
June 27, 2011
See you in court.
After failing to reach an agreement with two of the largest investment bank to recover losses from mortgage-backed securities sold to corporate credit unions, the NCUA last week filed civil lawsuits against RBS Securities, a Royal Bank of Scotland unit, and J.P. Morgan Securities. The agency is...
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By Robert McGarvey |
June 21, 2011
NCUA is "just another disgruntled investor" to JP Morgan Securities, attorneys say after investment house settles with SEC.
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By Michelle A. Samaad |
May 31, 2011
The Dodd-Frank Act has given the Securities and Exchange Commission power to create a new whistleblower program.
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By Claude R. Marx |
May 23, 2011
The $3.1 billion Space Coast Credit Union has filed a suit against two investment firms over the alleged misrepresentation of a collateralized debt obligation that the cooperative said led to financial losses.
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By Michelle A. Samaad |
April 27, 2011
A Massachusetts subprime auto lender has been charged with allegedly collecting $110 million through the sales of unregistered securities notes.
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By Michelle A. Samaad |
April 18, 2011
A Massachusetts subprime auto lender has been hit with SEC charges for allegedly collecting $110 million in unregistered notes.
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By Michelle A. Samaad |
April 6, 2011
Around Valentine’s Day three years ago, holders of auction rate securities fell completely out of love with the debt instruments, causing a market freeze and a slew of lawsuits against the banks with claims of misrepresentation. The fallout continues.
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By Claude R. Marx |
March 30, 2011
The NCUA has threatened to sue four investment banks if they don’t refund $50 billion from the sale of mortgage-backed securities to five corporate credit unions that the agency conserved last year, according to several sources within the credit union industry.
