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JPMorgan Chase Claims NCUA Breached $1.4 Billion Agreement

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CU TIMES-

A securities subsidiary of JPMorgan Chase is suing the NCUA for breaching a $1.4 billion settlement agreement over toxic residential mortgage-backed securities sold to five corporate credit unions leading to their collapse and billions of dollars in losses.

Stemming from the 2013 settlement agreement, the Long Beach Securities Corp., a subsidiary of JPMorgan Chase, filed its lawsuit July 6 in U.S. District Court in ..

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