The NCUA fights court orders to provide documents that provide more information regarding who was responsible for corporate losses.
The NCUA refuses to provide subpoenaed documents that could detail management and examiner responsibility for corporate failures.
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.
The NCUA on Sept. 23 filed nine federal lawsuits in New York against eight banks over the sale of nearly $2.4 billion in mortgage-backed securities to failed corporates Southwest Corporate Federal Credit Union and Members United Corporate Federal Credit Union.
The NCUA filed an antitrust lawsuit Sept. 23 against 13 international banks involved in the Libor rate scandal.
Agency action in New York federal court on same day as NCUA goes after 13 global banks in Libor price-fixing scandal.
The NCUA late Monday said it filed an antitrust lawsuit against 13 international banks involved in the Libor rate scandal.
Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.
The NCUA has failed to prove that J.P. Morgan Securities the firm made “material misrepresentations” to the corporate credit unions when selling them residential mortgage-backed securities, according the firm’s court filing. And with that J.P. Morgan asked a federal judge to dismiss the agency’s June lawsuit against it.