Credit Union Times | Accurate and Timely CU News

Credit Union of Atlanta CEO Killed By Police

By Michelle A. Samaad

According to several media reports, Defarra Gaymon, president/CEO of Credit Union of Atlanta, was shot and killed by an undercover detective in New Jersey over the weekend.

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New Web Gateway Deployed at COCC

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Judge Denies NCUA's Exclusive Claim in WesCorp Suit

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July 15, 2010

Goldman Sachs to Pay $550 Million Subprime Mortgage Fine

The SEC said Goldman Sachs & Co. will pay a $550 million fine, the largest penalty ever paid by a Wall Street firm, to the agency, and reform its business practices to settle charges that it misled investors in a subprime mortgage product.

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July 15, 2010

Becker Urges Geithner to Delay Transfer of Consumer Enforcement to CFPB

NAFCU President/CEO Fred Becker urged Treasury Secretary Timothy Geithner to allow the greatest amount of transition before he transfers responsibilities to the Consumer Financial Protection Bureau.

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July 15, 2010

Clearview FCU to Dismiss Suit Against Debt Firm

The $625 million Clearview Federal Credit Union said today it will officially dismiss its trademark infringement suit next week against a Florida debt settlement firm after the company agreed to change its name.

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July 15, 2010

Matz Urges CUs to Closely Watch Risks of Energy Loan Program

Because of the risks to safety and soundness caused by some energy efficiency loans, credit unions should make "appropriate adjustments, to their underwriting criteria and collateral monitoring practices."

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July 14, 2010