U.S. District Court

• NCUA Files Suit No. 10 Over Corporates Collapse

  By Marc Rapport  |  January 4, 2013

  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.

• NCUA Settles With Todd Lane in WesCorp Suit

  By Heather Anderson  |  January 4, 2013

  Confidential deal with former WesCorp CFO wraps up cases against former officers of collapsed corporate.

• CEFCU Slapped With Patent Suit

  By Robert McGarvey  |  November 29, 2012

  Delaware firm adds Illinois credit union to its list of targets.

• CEO of St. Paul Croatian FCU Sentenced in Massive Fraud

  By Peter Strozniak  |  November 26, 2012

  Ex-CEO of St. Paul Croatian FCU given 14 years in prison and ordered to make $71.5 million in restitution.

• Independent Sales Organizations File Brief in Interchange Case

  By David Morrison  |  November 6, 2012

  National ATM Council trade group objects that it's included in proposed settlement while it has its own case ongoing against card brands.

• Two Retail Groups Ask Judge to Scuttle Proposed Settlement

  By David Morrison  |  November 2, 2012

  Two trade associations of retailers have filed briefs asking a judge to reject the proposed settlement of that suit.

• Judge Advances Date for Arguments on Interchange Settlement

  By David Morrison  |  October 25, 2012

  New York federal judge sets Nov. 9 as hearing date for arguments for and against proposed card interchange settlement.

• Swipe Cap Hearing in D.C. Court

  By David Morrison  |  October 14, 2012

  The question of whether or not the Federal Reserve went far enough or too far in capping debit card interchange in accord with the Durbin amendment went before a U.S. District Court Judge recently.

• Federal Judge to Hear Arguments About Debit Interchange

  By David Morrison  |  October 2, 2012

  Retailers, issuers to face off again in court Tuesday over interchange rate.

• First City CU Questions Fraud Charges on Loss

  October 1, 2012

  If former California State Assemblyman Carl Washington defrauded the $492 million First City Credit Union, President/CEO Terry O’Steen isn’t aware of it.