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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.

SANTO ROSA, Calif.—Saying they are seeking economies of scale, the $196-million Community First CU and $222-million Mendo Lake CU have announced plans to merge.

ARLINGTON, Va.—NCUA examiners will accept “reasonable and good faith efforts” by credit unions to comply with the Military Lending Act rules that went into effect this week, the agency stated in a Letter to Credit Unions (16-CU-07).

ALEXANDRIA, Va.–NCUA Chairman Rick Metsger says NCUA’s payday alternative loan rules already protect consumers, and he is asking the Consumer Financial Protection Bureau to fully exempt these loans from its final payday lending rule.