Credit Union Regulator May End Derivatives Ban

Law360, New York (May 28, 2013, 6:11 PM EDT) -- The National Credit Union Administration said Tuesday it planned to lift a federal ban on derivatives trading by credit unions, but set up a potential fight with the industry by proposing to charge a fee for investing in the securities.

The NCUA said it would include in Wednesday's Federal Register a proposed rule to permit credit unions to engage in limited derivatives activities for the purpose of mitigating interest rate risk. Firms would be charged a fee between $25,000 and $125,000 depending on the volume and...
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