Regulation

A Senate bill passed late Thursday provides additional funding but it also requires enhanced reporting on lending and credit quality from SBA. The measure is headed to the House.

The Justice Department is investigating whether Citigroup let customers move illicit cash through its Mexico unit, setting the bank's biggest international operation in the path of an expanding money-laundering probe.

The Ohio company has been giving customers longer grace periods to address overdraft charges. While it has seen service charges decline, the company has been adding customers and checking accounts.

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A Senate committee approved legislation Thursday that would offer some protection from federal authorities to banks and credit unions doing business with state-authorized marijuana merchants.

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.

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.

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.

The SBA's popular 7(a) program has reached its maximum funding authority. Banks may have to decide on providing short-term aid to small businesses that face delays getting loans.