THE news

BATON ROUGE, La. – Through CUAid and other channels, the National Credit Union Foundation reported that it and the Louisiana Credit Union Foundation have raised over $300,000 to help 430 credit union employees affected by the devastating flooding in late August.

WASHINGTON—The Federal Trade Commission will return almost $20 million to more than 145,000 consumers across the country who were victimized by One Technologies LP and its two partner companies.

ALEXANDRIA, Va.– NCUA said it will receive $1.1 billion to settle legal claims against Royal Bank of Scotland arising from the sale of faulty mortgage-backed securities to two corporate credit unions.

WASHINGTON—The House Financial Services committee plans to hold a hearing Sept. 29 on the sales practices of Wells Fargo. Wells Fargo CEO John Stumpf has been invited to testify.