Banks need to rethink their purpose to serve its younger customers, many of whom are inundated with choices. Banks have a tremendous opportunity to win these overbanked customers if they can figure out a way to become the financial hub.

WASHINGTON — The Consumer Financial Protection Bureau is taking aim at marketplace lenders, announcing Monday that it is accepting complaints about the developing industry and releasing a bulletin to inform the public about such firms.

Northern Trust has agreed to buy Aurora Investment Management, a hedge fund portfolio manager that's owned by Natixis Global Asset Management.

HarborOne Bank, a mutually owned co-operative bank in Brockton, Mass., plans to sell shares to the public.

BBVA has acquired Holvi, a Finnish online business banking service.

Are they near New York City? Palm Beach? San Francisco? You are not even warm, according to an analysis of deposit data by IXI Services, a division of Equifax.

A Buffalo, N.Y.-based debt collector allegedly misled and coerced thousands of people into paying debts they possibly didn’t owe, according to a 41-count grand jury indictment.

Triumph Bancorp in Dallas has agreed to buy ColoEast Bankshares in Lamar, Colo.

The Consumer Financial Protection Bureau complaint portal showed the number of medical debt collection complaints, through early February, began to dip after August 2015.

Rebeca Romero Rainey, incoming chairman of the ICBA, would like to see the financial services industry add new banks and younger bankers in coming years.

Safe Cash is cozying up to banks by portraying itself as an alternative to two very different corners of financial services—the established Swift bank transfer network and bitcoin, arguably the most well-known virtual currency.

Atlanta is flush with payment processors that handle more than 70% of the nation's transactions. These players now plan to expand their reach even further, hoping to make the southern city a fintech hub to rival Silicon Valley and New York.

Wonder Bancorp and Harvard Illinois Bancorp have extended the deadline for their merger to May 31, according to a joint news release issued Friday.

American National Bankshares in Danville, Va., said in a press release Friday that Dabney Gilliam, its chief administrative officer, will resign at the end of this month to join Bank of Charlotte County.

Randy Conte, the $15.6 billion-asset bank's chief operating officer, will become chief financial officer on April 30 and remain operating chief.

Kevin Champagne stepped down from the $857 million-asset company on Feb. 29, according to a Friday news release. He also retired as chairman of Atlantic Coast Bank.

Adam Draper of Boost VC talks about the rise of the blockchain, the challenges of the bitcoin world and the future of banking.

Tri-State Bank of Memphis in Tennessee has hired Christine Munson, formerly of First Tennessee Bank, as its chief executive.

Banner Corp. in Walla Walla, Wash., has named a trio of banking industry executives to its board, including the former chief financial officer at Zions Bancorp.

Cordia Bancorp recently sold its student lending platform due to concerns about loan concentrations. In doing so, the Virginia company provided another example of why it is difficult for smaller institutions to gain traction in marketplace lending.