The National Credit Union Administration (NCUA) settled with RBS Securities on Tuesday, resolving their fight over RBS’s sale of mortgage-backed securities, which allegedly caused the failure of two credit unions. RBS is the credit arm of Royal Bank of Scotland and the deal brought an end to the suit brought by the NCUA in 2013 which accused RBS of misrepresenting the quality of its mortgage-backed securities sold to the credit unions. If you invested money with RBS Securities, you may be able to bring a claim against them by calling our securities law firm based in Chicago, Illinois at 312-332-4200 and speaking to one of our attorneys. The call is free with no obligation. We take cases on a contingency fee basis only.
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