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Corporate Credit Unions

NCUA Stakes $600 Million Corporate Claims In Two Courts

AUG 15, 2013 2:33pm ET

NEW YORK – NCUA has opposing a proposed bankruptcy reorganization for Ally Financial, General Motors’ one-time subprime lender known as Residential Capital, saying the plan does not offer enough compensation for the $600 million of claims the agency has for ResCap’s sale of more than $600 million of mortgage-backed securities...

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