function bp_get_member_latest_update( $args = '' ) {
		global $members_template;

		$defaults = array(
			'length'    => 225,
			'view_link' => true
		);

		$r = wp_parse_args( $args, $defaults );
		extract( $r );

		if ( !bp_is_active( 'activity' ) || empty( $members_template->member->latest_update ) || !$update = maybe_unserialize( $members_template->member->latest_update ) )
			return false;

		/**
		 * Filters the excerpt of the latest update for current member in the loop.
		 *
		 * @since 1.2.5
		 * @since 2.6.0 Added the `$r` parameter.
		 *
		 * @param string $value Excerpt of the latest update for current member in the loop.
		 * @param array  $r     Array of parsed arguments.
		 */
		$update_content = apply_filters( 'bp_get_activity_latest_update_excerpt', trim( strip_tags( bp_create_excerpt( $update['content'], $length ) ) ), $r );

		$update_content = sprintf( _x( '- "%s"', 'member latest update in member directory', 'buddypress' ), $update_content );

		// If $view_link is true and the text returned by bp_create_excerpt() is different from the original text (ie it's
		// been truncated), add the "View" link.
		if ( $view_link && ( $update_content != $update['content'] ) ) {
			$view = __( 'View', 'buddypress' );

			$update_content .= '<span class="activity-read-more"><a href="' . bp_activity_get_permalink( $update['id'] ) . '" rel="nofollow">' . $view . '</a></span>';
		}

		/**
		 * Filters the latest update from the current member in the loop.
		 *
		 * @since 1.2.0
		 * @since 2.6.0 Added the `$r` parameter.
		 *
		 * @param string $update_content Formatted latest update for current member.
		 * @param array  $r              Array of parsed arguments.
		 */
		return apply_filters( 'bp_get_member_latest_update', $update_content, $r );
	}