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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With the purchase of Sweep, Max Levchin's firm is betting that daily engagement with consumers will pay long-term dividends.
April 27 -
CommonBond, an online lender that specializes in student loan refinancing, announced Monday that it has sold $150 million of bundled loans to investors.
April 25 -
Synchrony Financial reported solid earnings growth in the first quarter thanks to increased use of its credit cards, but the firm's credit performance was slightly weaker.
April 22 -
Illinois, California and New York are all taking initial steps to try to crack down on borrower abuses in the fast-growing digital lending marketplace. The states are facing pressure to intervene because federal agencies have yet to take decisive action.
April 22 -
An online student loan refinancing business that was recently spun off from a Virginia bank has been rebranded as Purefy Inc.
April 20 -
Research published in 2014 found that just 18% of U.S. checking account holders pay 91% of all bank overdraft fees.
April 20 -
Research published in 2014 found that just 18% of U.S. checking account holders pay 91% of all bank overdraft fees.
April 20 -
Discover Financial Services reported higher loan growth in its flagship credit-card business during the first quarter, reversing a trend that the company's leaders had vowed to address.
April 19 -
The U.S. Postal Service is neglecting its profitable money-order business, which has lost 25% of its sales volume over the last five years. Big changes are needed to revive the product, according to a new report.
April 18 -
The U.S. Postal Service is neglecting its profitable money-order business, which has lost 25% of its sales volume over the last five years. Big changes are needed to revive the product, according to a new report.
April 18
