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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Online lender StreetShares' strategy is based on the premise that borrowers are more likely to repay when they have a genuine personal connection to the lender.
March 23 -
The Supreme Court on Monday asked the executive branch for its views on a legal case that has sparked worry within the financial industry. That opinion is expected to have a big impact on whether the justices decide to hear Madden v. Midland Funding.
March 21 -
Chicago-based Avant said Monday that it has started offering to refinance car owners loans. The firm also plans to begin financing purchases of new and used vehicles later in 2016.
March 21 -
The Supreme Court on Monday asked the Obama administration to express its views in a case that has raised doubts about the business model used by many online lenders.
March 21 -
The service should help Uber better compete with Lyft, a rival app-based taxi service that can now pay its drivers instantly. It could also be provide a new revenue source for Green Dot's struggling GoBank unit.
March 17 -
A lot of companies want to be the "Uber" of banking and payments. And it's starting to look like Uber itself wants that role as well.
March 17 -
The increasingly troubled sector often draws comparisons to the subprime mortgage market of the 2000s. But the more apt analogue is the auto-lending sector of the 1990s.
March 16 -
Santander Consumer USA Holdings said that it is changing certain accounting practices after the Securities and Exchange Commission raised questions about the firms methodology.
March 16 -
Prosper Marketplace on Monday announced a three-year agreement to offer financing to consumers making improvements to their homes through the website HomeAdvisor.com.
March 14 -
A left-leaning group is attacking one of the most prominent Democrats in Washington as being insufficiently tough on payday lenders. The ad shows how once-obscure financial issues are commanding a higher profile this election season.
March 11
