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Home » News of the Competition

News of the Competition

February 3, 2016
NEW YORK (2/3/16)--For selling faulty mortgage bonds to three banks that failed in the aftermath of the housing crash, Morgan Stanley agreed to pay nearly $63 million in penalties to the Federal Deposit Insurance Corp. (FDIC) this week (POLITICO Feb. 2). The funds will be placed into receiverships at Colonial Bank in Montgomery, Ala., Security Savings Bank in Henderson, Nev., and United Western Bank in Denver. This isn’t the first fine the big bank has paid as a result of actions it took related to the 2008 financial crisis. Last year, Morgan Stanley agreed to a $24 million settlement with the FDIC over mortgage-backed securities it sold to a Houston-based bank that later failed …

Credit Union Magazine - Winter 2019

Winter 2019

Alternative lending, compliance management systems, and ideas for boosting credit card portfolios are among the topics of Credit Union Magazine’s Winter 2019 edition.
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Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

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