U.S. bankruptcy filings totaled 75,170 in August, down 16% from 88,962 in August 2013. It's the largest year-to-year drop so far in 2014, according to data from Epiq Systems Inc.

National Bank of Commerce in Birmingham, Ala. has purchased a majority stake in the parent company of a collections and accounts receivable management firm.

Bankers joined loan guarantors in pushing the Federal Housing Finance Agency to ease proposed capital rules for mortgage insurers, saying the plan will make borrowing less affordable for homebuyers unless it's revised.

The nonbank mortgage lender is moving closer to issuing its first private-label mortgage-backed security.

Ontario Systems has been honored with the 2014 When Work Works Award for its use of effective workplace strategies to increase business and employee success.

Pacific Mercantile Bancorp in Costa Mesa, Calif., promoted Robert Sjogren to be chief operating officer of the holding company and its bank subsidiary.

The Federal Reserve is making clear that the status quo, in which U.S. electronic payments take days to complete, is not going to hold, an industry analyst says.

Tight credit standards and student loan debt may be holding back the housing market, but equity research analyst Ivy Zelman thinks that homeownership will pick up along with the cyclical recovery. Banks are already "incrementally easing" their requirements for mortgage applicants with credit scores above 660, she says, and banks need to "fill the void" left by the refinancing slump.

Citigroup has promoted Peter Charrington to global head of Citi Private Bank.

BB&T has agreed to buy the Bank of Kentucky for $363 million in cash and stock. The acquisition would allow the $188 billion-asset BB&T to expand in the northern Kentucky and Cincinnati region, where the $1.9 billion-asset Bank of Kentucky operates 32 branches.

The Iowa Credit Union Division has placed Louden Depot Community Credit Union in Fairfield, Iowa, into receivership.

A recent study suggests that credit card issuers' marketing practices show evidence of racial bias. The good news is that self-tests can help lenders fix fair lending compliance issues, according to Rich Walker of the Winterberry Group.

Global Cash Access Holdings Inc., a provider of cash solutions to the casino industry, agreed to acquire Multimedia Games Holding Co. for $1.2 billion in cash, gaining a creator of electronic-gaming units to American Indian casinos and lotteries.

National Penn Bancshares in Allentown, Pa., plans to raise $100 million through a debt offering.

Citizens Financial Group, a U.S. subsidiary of Royal Bank of Scotland Group Plc, is seeking a valuation of as much as $14 billion as it enters the final stages of an initial public offering.

Alliance Data Systems announced what it described as a long-term agreement to issue credit cards for the Midwestern grocery store chain Meijer.

A conservative housing critic and liberal consumer advocate have created a 15-year home loan for low-income borrowers to build more equity.

The $2.5 billion-asset QCR said in a press release Friday that the new company will include the mortgage staff from its Quad City Bank & Trust.

WASHINGTON — Several trade groups representing Federal Home Loan bank members are urging a federal regulator to extend the comment period on a controversial proposal to change the system’s membership requirements.

Banc of California has announced extensive community reinvestment goals as part of its planned purchase of 20 Banco Popular branches in Southern California. The agreement, which appeased a community group that had opposed the sale, shows how much power such organizations wield when it comes to M&A.