THE news

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.

WASHINGTON—On the same day that Wells Fargo CEO John Stumpf was getting grilled by the Senate, as Congress delves into the Wells Fargo scandal involving the fraudulent opening of millions of consumer accounts, two CU leaders were speaking out about the credit union difference.