WASHINGTON - The two ranking members of the Senate Banking Committee introduced legislation last week to buttress the National Credit Union Administration's power over state-chartered institutions.

The "Credit Union Reform and Enhancement Act of 1995" was introduced by Sen. Alfonse M. D'Amato, R-N.Y., and Sen. Paul Sarbanes, D-Md., in response to the failure in January of a corporate credit union that loaded up on mortgage derivatives.

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