Agency says it used $1.845 billion to pay out the failed corporate's largest liability. NCUA foe said it should have been kept separate.
The NCUA Board approved two new rules during its February meeting Thursday that expand investment powers and field of membership reach.
NCUA chair touts stewardship of four agency funds.
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.
ALEXANDRIA, Va. — A final rule approved Thursday by the NCUA Board eliminates use of credit ratings as standards of investment creditworthiness.
Final rule would remove references to credit ratings in NCUA regulations as they apply to the credit unions' analysis of investments.
Notes payoff called important milestone in efforts to resolve the failure of five corporates.
NCUA Chairman Debbie Matz and Board Member Michael Fryzel stuck to a controversy-free agenda during the agency’s October board meeting last week.
ALEXANDRIA, Va. — The NCUSIF was hit with $147.2 million in insurance losses during the third quarter, the NCUA Board learned at Thursday’s board meeting.