National Credit Union Administration

Morgan Stanley and others in faulty securities sale lawsuit by US regulator

The National Credit Union Administration (NCUA) had filed complaints against Morgan Stanley and eight other financial institutions for selling faulty mortgage-backed securities.

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Appeals court rules in favor of National Credit Union Administration for MBS claims

The US Court of Appeals in Denver ruled for the National Credit Union Administration and allowed it to use the extender statute to pursue its claims against big banks regarding MBS.

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