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Barclays Sued by U.S. Regulator Over Mortgage Security Sales

Sept. 25 (Bloomberg) -- Barclays Plc is being sued by the U.S. regulator of credit unions, which says the bank sold $555 million in misrepresented mortgage-backed securities that contributed to two lender failures.

The National Credit Union Administration announced the suit filed in federal court in Kansas in a statement today.

To contact the reporter on this story: Jesse Hamilton in Washington at jhamilton33@bloomberg.net.

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net.

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