Ed Roberts

Judge OKs Delay in NCUA Suits Against Wall Street
May 1, 2013 The request for a stay was opposed by NCUA, which argued that delay could prejudice the outcome of its cases by changing the...

Wall Street Banks Team for Stay Bid in NCUA Suits
April 29, 2013 The banks object to a consolidation, saying each of the cases has separate claims, defendants, originators, disclosures, loans...

S&P Seeks Dismissal of WesCorp, Eastern Financial CDOs Suit
April 23, 2013 Standard & Poor's called the civil allegations in the Justice Department’s suit a “stretch” that were based on...

NCUA Approves Settlement with Final WesCorp Figure
April 16, 2013 A federal court has dismissed civil negligence charges against Todd Lane, who had been chief financial officer of WesCorp FCU.

Most NCUA Claims Dismissed in Credit Suisse MBS Suit
April 11, 2013 A federal judge has dismissed the majority of $590 million of mortgage-backed securities claims brought by NCUA against Credit...

Court Orders S&P Give CUNA Mutual Records in $72M MBS Claim
April 5, 2013 A federal court in New York ordered Standard & Poor’s to produce all records related to $72 million of failed...

NCUA Settles MBS-Related Claims with B of A
April 3, 2013 NCUA announced a $165 million settlement with Bank of America over claims that mortgage giant Countrywide, which B of A...

FASB Urged to Pull Plan on Loan Losses
April 1, 2013 Credit unions are worried a proposal by the Financial Accounting Standards Board to use an expected loss method to measure...

Langley FCU to Use Mortgage Cadence’s Symphony for Loan Originations
March 15, 2013 Langley FCU has signed with Mortgage Cadence to implement the company’s Symphony platform to support the credit...

Small California CU Is Year’s Third Failure
March 15, 2013 NCUA shuttered I.C.E. FCU, a $3.4-million Inglewood, Calif., credit union and the third failure of 2013.