Kevin Wack is American Banker's national editor, and is based in southern California. He was formerly the publication's consumer finance reporter and its Capitol Hill correspondent. Earlier, he worked on financial policy in Washington. He has also reported for the Associated Press and worked as the investigative reporter for the Portland Press Herald in Maine.
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CAN Capital said Tuesday that CEO Daniel DeMeo has been placed on a leave of absence. Parris Sanz, the company's chief legal officer, is now serving as acting CEO.
November 29 -
Several banks have cut ties with payday lenders in recent weeks, and there is evidence that regulators could be pressuring them to do so. The spate of terminations is prompting speculation that regulators are renewing their campaign against high-cost lenders before Donald Trump is sworn in as president.
November 28 -
Payday lenders are seeking a court injunction to stop what they say is a concerted effort by federal banking regulators to cut them off from the mainstream financial system.
November 25 -
Sen. Jeff Sessions is one of the marijuana industry's staunchest foes. He could upend efforts by the Obama administration to persuade credit unions and banks that it is safe to work with cannabis firms.
November 18 -
Sen. Jeff Sessions is one of the marijuana industry's staunchest foes. He could upend efforts by the Obama administration to persuade banks that it is safe to work with cannabis firms.
November 18 -
Wells Fargo is continuing to sustain damage from the phony-accounts scandal that emerged in early September, according to new data published Thursday.
November 17 -
LendingTree has agreed to pay up to $130 million to acquire the credit card shopping site CompareCards.
November 17 -
The Lending Club founder is trying to stage a comeback with the formation of a new online consumer lender. But he will likely face more skepticism than he did during the industry's era of explosive growth.
November 16 -
The Clearing House, which is co-owned by the nation’s largest banks, has asked the Justice Department to conduct an antitrust review of its next-generation payments network. A thumbs-up from antitrust officials could prove useful in convincing smaller banks to join the effort.
November 14 -
The Clearing House, which is co-owned by the nation's largest banks, has asked the Justice Department to conduct an antitrust review of its next-generation payments network. A thumbs-up from antitrust officials could prove useful in convincing smaller banks to join the effort.
November 14
