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.
Calling it one more bait-and-switch operator, the NCUA sues Credit Suisse Securities in the collapse of corporate credit unions.
The NCUA on Tuesday filed its ninth securities fraud lawsuit in connection with the collapse of U.S. Central and WesCorp.
Consultant has been to many institutions of various sizes recently where examiners have written then up for not doing enough.
80% of NCUA lawsuit claims waved forward after Kansas Federal District Court ruling.
California Credit Union League President/CEO Diana Dykstra said she’s upset about a string of lawsuits in her state accusing credit unions of unfair and illegal overdraft practices. And she accused attorneys in the state of “fishing for members.”
California League President/CEO Diana Dykstra said attorneys are “fishing for members” to take part in class action lawsuits alleging improper overdraft practices.
Suits against Wachovia Capital Markets for U.S. Central, WesCorp losses combined into one.
Lawyers for Wachovia Capital Markets filed documents in Kansas City Federal Court asking the court to dismiss NCUA’s securities fraud case against the firm now owned by Wells Fargo. Central to Wachovia’s argument is a question that has haunted the NCUA ever since the collapse of U.S. Central FCU: Why...