D'Amours to Persist In Reinvestment Fight

The nation's top credit union regulator has vowed to try again next month in his push to impose community reinvestment requirements on the nonprofit financial institutions.

Norman E. D'Amours, chairman of the National Credit Union Administration, failed last week in his bid to require federal credit unions with more than $10 million of assets to have plans for serving low-income people in their fields of membership. Mr. D'Amours offered his proposal but did not get a necessary supporting motion from either of his fellow board members.

An NCUA spokeswoman said Tuesday that Mr. D'Amours hopes to work with board member Yolanda T. Wheat on a compromise that could be ready for the agency's Oct. 6 meeting. -- Dean Anason