news.cuna.org/articles/110063-inside-washington

Inside Washington

April 12, 2016

ALEXANDRIA, Va. (4/12/16)--The National Credit Union Administration (NCUA) has completed its settlement with Goldman Sachs and will receive $575 million out of the total $5 billion settlement, the agency announced Monday. The NCUA filed suit against Goldman Sachs as liquidating agent for three failed corporate credit unions, alleging that the corporates folded as a result of the purchase of faulty securities sold by Goldman Sachs. With the completion of this settlement, the NCUA will have recovered more than $3 billion from Wall Street firms that sold faulty mortgage-backed securities to five corporate credit unions…

WASHINGTON (4/12/16)--The Consumer Financial Protection Bureau (CFPB) will host a webinar today on the bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosure rule, starting at 2 p.m. (ET). The webinar will address specific questions related to the interpretation and implementation of the rule’s requirements since the rule took effect on Oct. 3 …