January 5, 2013
by Jerry Votava
The National Credit Union Administration (NCUA) on Friday filed a lawsuit against JPMorgan Chase & Co. for the sale of $2.2 billion of faulty residential mortgage-backed securities (RMBS) to credit unions. The securities were sold by Washington Mutual bank and its subsidiaries which were ...[read more]
December 17, 2012
by Alison Sacriponte
The National Credit Union Administration (NCUA) filed suit on Monday against against Bear, Stearns & Company, now acquired by JPMorgan Securities. The NCUA brought suit acting in its capacity as Liquidating Agent of multiple credit unions: US Credit, Western Corporate, Southwest Corporate and ...[read more]

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