NCUA Wins Back Ability to Pursue Banks Over Deceptive MSBs
The 10th Circuit Court of Appeals has handed NCUA a victory by reinstating its ruling that allowed NCUA to sue several banks over alleged deceptive practices related to their sales of mortgage backed securities to corporate credit unions. The ruling affects six cases pending in the 10th circuit. NCUA has settled similar cases and recovered more than $1.75 billion. [8/20/14]