U.S. credit union regulator sues Credit Suisse
Oct 4 (Reuters) - The U.S. credit union regulator filed a lawsuit on Thursday against Credit Suisse Securities (USA) , alleging misrepresentations in the underwriting and sale of mortgage-backed securities.
The National Credit Union Administration said in a statement that three failed credit unions paid more than $715 million for the securities at issue in the lawsuit.
The lawsuit was filed in federal court in Kansas.
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