U.S. credit union regulator sues Credit Suisse

By Erin Geiger Smith

Oct 4 (Reuters) - The U.S. credit union regulator filed a lawsuit on Thursday against Credit Suisse Securities (USA) , alleging misrepresentations in the underwriting and sale of mortgage-backed securities.

The National Credit Union Administration said in a statement that three failed credit unions paid more than $715 million for the securities at issue in the lawsuit.

The lawsuit was filed in federal court in Kansas.

(Reporting By Erin Geiger Smith; Editing by Bernard Orr)