National Credit Union Administration Board v. Barclays Capital Inc.

EBEL, Circuit Judge.

The National Credit Union Administration Board (“NCUA”), the plaintiff-appellant, appeals the district court’s order dismissing as untimely its complaint against Barclays Capital Inc., BCAP LLC, and Securitized Asset Backed Receivables LLC (collectively “Barclays”), the defendant-appellees. We REVERSE and REMAND. 1

I. BACKGROUND

The NCUA is an independent federal agency that regulates federally insured credit unions. Among other duties, it is responsible for administering the National Credit Union Share Insurance Fund and the Temporary Corporate Credit Union Stabilization…