Thursday, April 17, 2014
Corporate Credit Unions

FDIC Tells Court It Supports NCUA In Corporate Credit Union Lawsuits

JUN 17, 2013

The FDIC told a federal court here last week it should allow NCUA to extend the nominal statute of limitations on securities claims against several Wall Street banks that sold mortgage-backed securities to five failed corporate credit unions because the 1989 S&L bailout law allows for the extension.

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