WICHITA, Kan. – The U.S. Court of Appeals for the Tenth Circuit has agreed to review a lower court’s July 9 ruling dismissing the credit union regulator’s claims against Barclays Capital for the sale of $555 million of faulty mortgage-backed securities the bank sold to U.S. Central FCU and WesCorp FCU.

The appeals court, which has jurisdiction over Kansas-based U.S. Central, has set an August 28 deadline for NCUA to file a written brief in the case, one of several pending over the sale of faulty MBS to the failed corporates.

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