LOS ANGELES - Richard M. Johnson is worried that Washington regulators -overreacting to one institution's ruin - will slap strict limits on all corporate credit unions, reversing years of progress.

"Corporates are a hell of a success story," the president and chief executive of Western Corporate Federal Credit Union said in an interview. "We shouldn't get to the point where we say: Let's do things the way they were done 15 years ago."

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