The Latest

Farmer Mac reported higher second-quarter profit, citing an increase in the value of financial derivatives and hedged assets.

The Office of the Comptroller of the Currency is trying to "supercharge" its process for reviewing financial innovations in an effort to keep pace with a glut of new products inside and outside the banking system.

Envestnet in Chicago has agreed to buy Yodlee, the operator of a personal finance management and bill payment platform.

Chicago-based Envestnet will pay $660 million in cash and stock for Yodlee, a California firm that sells data-aggregation services to banks and others.

Sen. Elizabeth Warren, D-Mass., is raising concerns about a new financial services communications tool that critics warn could be used to get around compliance requirements.

A New York law that was invalidated by a federal judge was one of many efforts by big cities to pressure banks into making more investments in local communities after the crisis. Some municipal laws could be more vulnerable to bankers' legal challenges than others.

A breakdown of M&A announcements in the financial services industry for the week ended Aug. 8.

The Credit Union League of Connecticut (CULCT) has unveiled a new "consumer-focused" brand to increase CU awareness through a new website: www.ctcreditunions.org.

Walter Investment Management in Tampa, Fla., said its second-quarter loss widened, as it recorded a goodwill impairment charge in its reverse mortgage division.

Erie FCU raises money and food for current as well as former members of the military and more ways credit unions are helping others.