RBS in $129.6 million mortgage securities deal with U.S. regulator

Royal Bank of Scotland Group PLC has agreed to pay $129.6 million to resolve claims by a U.S. regulator that it sold toxic mortgage-backed securities to now-failed credit unions, according to a court filing on Tuesday.

The National Credit Union Administration filed a federal lawsuit in New York in 2013 on behalf of two defunct credit unions, Southwest Corporate and Members United Corporate.

A spokesman for RBS did not immediately respond to a request for comment outside regular business hours.

Read on.

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