The National Credit Union Administration said it will neither support nor fight proposed legislation that includes stiffer guidelines on how credit unions and other banking institutions can use derivatives.

Agency officials met with staff members of the House Banking Committee on Dec. 15 to discuss use of the controversial instruments by credit unions.

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.