The National Credit Union Administration

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J.P. Morgan, WaMu Capital and Others Over $2.2bn in Faulty Securities

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The National Credit Union Administration (NCUA) has filed suit in Federal District Court in Kansas against J.P. Morgan Securities as successor-in-interest to Washington Mutual Bank, alleging violations of federal and state securities laws in the sale of $2.2bn in mortgage-backed securities to three corporate credit unions.

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