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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BlueVine, an online business lender based in Palo Alto, Calif., is branching into unsecured lending.
April 7 -
Lending Club, Prosper Marketplace and Funding Circle are locking arms to create a new trade group that will represent the marketplace lending industry in Washington.
April 7 -
Lending Club, Prosper Marketplace and Funding Circle are locking arms to create a new trade group that will represent the marketplace lending industry in Washington.
April 6 -
As more employers offer student loan repayment assistance to their workers, lenders that specialize in refinancing debt like Citizens Financial and SoFi see an opportunity to reel in more customers.
April 5 -
Ally Financial announced Tuesday that it had agreed to buy the online brokerage firm TradeKing Group for approximately $275 million. TradeKing, based in Fort Lauderdale, Fla., has roughly $4.5 billion in client assets.
April 5 -
The former head of the FDIC has a longstanding interest in small-dollar consumer lending.
April 1 -
The payments pioneer is transforming its merchant cash advance into a business loan, a move that has significant legal and regulatory implications.
March 31 -
The payments pioneer is transforming its merchant cash advance into a business loan, a move that has significant legal and regulatory implications.
March 30 -
As online business lenders grow in number, size and prominence, a new trade group is being launched to represent their interests in Washington.
March 29 -
The subprime consumer lender currently rejects many of its personal loan applicants. It hopes to qualify more borrowers by offering cash to those who are willing to put their cars up as collateral.
March 28
