Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The NCUA announced Monday it has filed its biggest mortgage-backed security fraud suit to date, alleging in federal court in Kansas that J.P. Morgan Securities and Bear, Stearns & Co. violated federal and state securities laws in the sale of $3.6 billion in mortgage-backed securities to four failed corporate credit unions.

Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.