Americas

CHICAGO — Mortgage delinquency rates declined by nearly 20% to a national rate of 3.46% in the second quarter from a year earlier, according to a report from TransUnion LLC.

Banc of California in Irvine is working to address material weaknesses in its internal controls.

FERGUSON, Mo. — Staff from Alliance Credit Union are out Wednesday in this troubled city, walking through debris left behind by Tuesday night's chaos, asking business owners if they need a 0% loan.

HomeTrust Bank faced a legal challenge from HomeTown Bank after it entered southwestern Virginia. The now-resolved dispute serves as a reminder that banks must be aware of branding challenges when they enter new markets.

LAKE BLUFF, Ill. — Credit unions continue to inch closer to what banks are charging for overdrafts.

Southern Bancorp in Arkadelphia, Ark., has agreed to buy the Bank of Bolivar County in Shelby, Miss.

DENVER — NCUA on Tuesday received good news from the U.S. Court of Appeals for the Tenth Circuit, which upheld its original opinion that the regulator's suit against several banks regarding mortgage-backed securities can proceed.

Bank of America has given Thomas Montag the full title of chief operating officer, while David Darnell will move away from headquarters in Charlotte, N.C., and become vice chairman.

Square and Twitter founder Jack Dorsey has been in Ferguson, Mo., as part of the protests that followed the police shooting of Michael Brown, an unarmed African American teenager, earlier this month.

WASHINGTON — A group of retail trade associations and large retailers wants the Supreme Court to review the Federal Reserve Board's cap on debit card swipe fees that merchants say is higher than the fee limit envisioned in the Dodd-Frank Act.