$165 Million dollars,  the settlement reached between the National Credit Union Administration (NCUA) and Bank of America over losses related to purchases of residential mortgage-backed securities (MBS) by failed corporate credit unions[1]. NCUA board chairman Debbie Matz described the settlement as the latest step in “our ongoing lawsuits…[to] minimize the losses of the corporate crisis and cut future costs to credit unions.” NCUA has also settled with Citigroup, Deutsche Bank, and HSBC for a total of $170.75 million. Bank of America did not admit fault as part of the settlement.