Wednesday, September 28, 2016

RBS Settles Lawsuit with NCUA

The National Credit Union Administration (NCUA) will receive $1.1 billion to settle legal claims against Royal Bank of Scotland (RBS) arising from the sale of faulty mortgage-backed securities to two corporate credit unions.

A settlement agreement was reached, and once payment is made, NCUA’s recoveries from various financial institutions will reach $4.3 billion.

The settlement covers claims associated with the failures of Western Corporate Federal Credit Union and U.S. Central Federal Credit Union.

Read the press release.


  1. How much do Fenners lawyer friends get?
    Credit unions are getting $1.1B, right?

  2. true. its disgusting.



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