Credit Unions, NCUA | JD Supra Law News

NCUA Announces Pre-Litigation MBS Settlement

by BuckleySandler LLP on 4/12/2013

On April 2, the NCUA announced that a financial institution agreed to settle allegations related to mortgage-backed securities issued to certain corporate credit unions. The NCUA has alleged on behalf of failed corporate...more

Bank of America Reaches Pre-Litigation Settlement with NCUA for RMBS Losses

by Orrick - Structured Finance Group on 4/10/2013

On April 2, the National Credit Union Administration (NCUA), an independent federal agency that supervises and charters federal credit unions, reached a $165 million settlement with Bank of America, stemming from BofA’s sale...more

NCUA Issues Fair Lending Guide, Plans Fair Lending Webinar

by BuckleySandler LLP on 3/28/2013

On March 19, the NCUA released a letter to credit unions to introduce its new fair lending guide and announce other fair lending tools. The fair lending guide includes (i) an overview of fair lending law and regulations, (ii)...more

The Impact Of The CFPB’s Appraisal Rule

by Andrew R. Mavraganis, Timothy R. McTaggart | Pepper Hamilton LLP on 2/28/2013

On January 18, 2013, the Consumer Financial Protection Bureau (CFPB) issued a final rule (the Appraisal Rule) implementing an amendment to the Equal Credit Opportunity Act (ECOA) that revises Regulation B’s provisions...more

NCUA Eases Regulatory Requirements For Certain Small Credit Unions; Finalizes Rule Regarding Troubled State Credit Unions

by BuckleySandler LLP on 1/30/2013

On January 18, the NCUA published a final rule to amend the definition of “small entities” from those with less than $10 million in assets to those with less than $50 million in assets. The change will allow more credit...more

NCUA Files Another Major MBS Suit

by BuckleySandler LLP on 1/16/2013

On January 4, the NCUA announced another major mortgage-backed securities lawsuit. Similar to prior suits, the NCUA alleges on behalf of three insolvent corporate credit unions that a mortgage securitizer violated federal and...more

National Credit Union Administration Sues Bear Stearns for $3.6 Billion in RMBS

by Orrick - Structured Finance Group on 1/10/2013

On December 17, 2012, the National Credit Union Administration Board, acting in its capacity as liquidating agent for four failed credit unions, sued several Bear Stearns affiliates in federal court in Kansas in connection...more

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Credit Unions › NCUA