The rising generation of young Americans not only have little loyalty to banks, according to a three-year survey of 10,000 people born between 1981 and 2000 — many also believe that traditional financial institutions are on their way to irrelevance.

Taking their cues from popular consumer brands and digital upstarts, financial institutions are modernizing their websites, ATMs, and mobile apps in hopes of creating a better digital banking experience and, ultimately, attracting and retaining more customers.

Record profits at agriculture-focused rural banks could be coming to an end. Farm revenue is expected to decline sharply this year, and ag lenders are watching warily to see if this is a one-year blip or the start of a downturn.

A spike in consolidation is expected to provide growth-minded banks with more opportunities to lure executives and commercial lenders.

OTC Markets Group, an operator of financial marketplaces for 10,000 U.S. and global securities, is preparing to launch a public trading marketplace for community and regional banks, according to a company release.

A 64-year-old physicist, identified by Newsweek magazine as Bitcoin's creator, was chased by reporters through Los Angeles and denied any role in the digital currency, saying he first heard of it three weeks ago.

Fast-tracking foreclosures on vacant properties in states that handle foreclosures through the courts "could result in substantial cost savings" for all involved, according to a study by Federal Reserve Bank of Cleveland.

Royal Financial (RYFL) in Chicago has received permission from the Federal Reserve to withdraw an April 2010 board resolution that banned the company from paying dividends, increasing debt or redeeming stock without regulatory approval.

FICO plans to release a new broad-based scoring model this summer that helps lenders analyze a consumer's credit risk with greater accuracy. This product launch will represent FICO's first changes to its scoring model in six years, said Anthony Sprauve, senior consumer credit specialist at FICO.

New innovations in data security, including chip technology, tokenization and end-to-end encryption, are adding even more technologically advanced fraud prevention tools to our nation's payments infrastructure.

The single-family rental securitization market appears to be benefiting from the improving housing market and favorable demographics, according to a Moody's Investors Service report.

First Bancshares (FBMS) in Hattiesburg, Miss., has agreed to buy BCB Holding in Mobile, Ala.

The Utah Senate approved payday lending reform on Thursday and will be sent to Gov. Gary Herbert's office for a signature.

DECA Financial Services, an Indiana consumer debt collection firm previously lauded by Inc. magazine as one of the fastest-growing U.S. companies, is now facing serious debt problems of its own.

Former Federal Reserve Vice Chairman Alan Blinder took shots at credit rating agencies and Wall Street traders this week in a public lecture at the Museum of American Finance.

Total outstanding balances of bank and retail-issued cards and home finance increased in January for the third consecutive month, the first time that has happened in more than three years, according to the latest Equifax National Consumer Credit Trends Report.

The Community Home Lenders Association is pointing to President Obama's recently released budget as proof that the Federal Housing Administration has leeway to lower premiums.

Cece Stewart, who spent three years trying to turn around Citi's U.S. retail banking operations, is retiring. In an interview, she cited account growth, productivity improvements and cross-selling of credit cards as accomplishments that offset "enormous headwinds."

Bank of America (BAC) has introduced a new checking account targeted at customers who typically maintain low balances.

The majority of Americans who will be receiving a tax refund in 2014 will spend the funds, not save them, according to a new survey released by Capital One Financial (COF).