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Corporate Credit Unions

NCUA Defends Contingency Deals On Corporate Suits

FEB 11, 2013 12:55pm ET

WASHINGTON – NCUA told a congressional committee that a government-wide ban on contingency legal arrangements does not apply to suits it has brought against Wall Street banks over the failure of the corporate credit unions because as liquidating agents for the corporates it is not acting as a “government agency.”

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