Federal regulators issued a sweeping proposal Monday in the first steps toward enforcing the controversial new credit union law.

The National Credit Union Administration's plan would set parameters on community-based institutions and define who in a family is eligible for membership, among other issues.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.