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2nd Circ. Backs Toss Of RMBS Suit Against US Bank, BofA

By Jon Hill (August 2, 2018, 8:38 PM EDT) -- A Second Circuit panel ruled Thursday that the National Credit Union Administration lacks standing to bring claims against residential mortgage-backed securities trustees U.S. Bank and Bank of America on behalf of 10 trusts that the agency created and filled with RMBS and other distressed assets from five failed credit unions....

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