National News Bullets

IG to Investigate NCUA Procedures in Wake of Info Breach:

National Credit Union Administration Inspector General James Hagen intends to take action in January in response to a data breach caused by a lost thumb drive during an NCUA examination at a California credit union, he announced Monday. Read more.

NCUA Sues Wells Fargo as Trustee of Mortgage-Backed Securities:

The National Credit Union Administration has filed a lawsuit suit in federal court against Wells Fargo Bank, National Association, alleging the bank has failed to fulfill its duties as trustee for 27 residential mortgage-backed securities trusts. Read more.

Questions about this story? Contact James Pearson: 206.340.4790, jpearson@nwcua.org.

Posted in CUNA, NCUA.