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HAUPPAUGE, N.Y. — Hudson Valley FCU here has launched a new brand to better reflect the credit union's connection to consumers and businesses it serves throughout upstate New York.

The company, once in the crosshairs of a community group for how it complied with the Community Reinvestment Act, is aiming to raise $200 million with other banks for a fund that will work with local leaders to identify the best way to invest in low-income and underserved neighborhoods.

The Bitcoin Foundation's goal of promoting the new digital currency was quickly overshadowed by the personal and legal problems of its management. Now, under new leadership, the group aims to return to its original mission.

Piper Jaffray has hired several more executives from Sterne Agee Group, as it expands its financial institutions group.

Evangelical Franklin Graham will move his ministries' funds to BB&T, in protest of a Wells Fargo ad that featured a lesbian couple, the Charlotte Observer reported.

Square's partnership with Apple to enable small merchants to accept Apple Pay is just one blip in Apple's overall strategy, but for Square it's a fundamental rethinking of its approach to its audience.

The Consumer Financial Protection Bureau's "qualified mortgage" rule has put a damper on the recovery of the housing market, according to an American Bankers Association survey.

James Sills, who runs a 107-year-old bank in North Carolina, believes the key to the survival of minority-owned institutions is their ability to adapt and reach more customers. M&F Bancorp, for instance, is changing the name of its bank and recently added its first nonblack director.

Foreclosures might seem like yesterday's news, but banks are still busy with the cleanup phase of the housing crisis. The situation is producing some herky-jerky housing statistics, and prompting calls for more reforms in states like New York still suffering from stalled dockets and blight.

The Motor City's heyday as a financial center has long since passed, though echoes of Detroit's fiscal prominence remain in the shape of its skyline. And there is hope for revival as Ally Financial and Fifth Third make major moves downtown. Here is a look at the city's financial powerhouses over the years.