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.

Yesterday in U.S. District Court, the NCUA lost its motion to "substitute in as plaintiff" entirely for seven mid-sized credit unions that sued Western Corporate FCU directors and employees.

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.

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."