Congressman Darrell Issa (R-Calif.) confirmed Tuesday that the net amount of the JPMorgan settlement applied to credit union corporate stabilization costs is a little more than $1 billion.

Last week, an unnamed source from the NCUA told Credit Union Times the agency received $1.073 billion net from the original $1.4 billion settlement.

That means lawyers pocketed nearly $350 million in the deal.

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