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WASHINGTON — Student Financial Aid Services is facing more than $5.2 million in charges after the Consumer Financial Protection Bureau alleged the company illegally signed up consumers for student financial assistance and proceeded to automatically bill them annually.

The debate about how big a bank needs to be before it poses a threat to the economy heated up again Thursday as lawmakers battled over the $50 billion threshold imposed by the Dodd-Frank Act.

Ofelia Valdez-Yeager is first woman to lead California CU's Board, Golden 1 hires new CFO, two VPs and more.

Tough competition for loans and ever-stronger credit quality has Discover CEO David Nelms considering a move down the credit spectrum toward more subprime consumers.

The Senate Appropriations Committee approved a bill designed to fund certain government agencies, but which also included a bill by Sen. Richard Shelby, R-Ala, to provide regulatory relief for community banks.

Decrease results from reduction in operating fund by $2.9 million to $276.5 million, but the board also increased capital budget by $1.6 million.

A lawsuit filed by Virginia Attorney General Mark Herring against B&B Pawnbrokers Inc. in Spotsylvania, Va. alleges the business has been making illegal, unlicensed motor vehicle title loans and charging excessive fees for them.

Mobile-first banking startups not only help partner institutions acquire deposit accounts. They also function as quasi-R&D units, teaching bankers about areas like design and coding.

Ruth Porat wows investors in her first earnings call as Google's CFO while Marianne Lake moves a step closer to running JPMorgan's future calls. Elsewhere, Lynn Tilton bids to move her fraud trial to federal court, Janet Yellen hints at support for raising the SIFI bar and Obama gets ready to nominate another woman for Fed governor.

TCF Financial in Wayzata, Minn., reported lower second-quarter profit as it paid more in salaries and employee benefits and a larger loss provision ate into net interest income.