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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It's easier than ever for consumers to take out personal loans to pay down high-cost debt or fund big-ticket purchases, and two new studies show that they are taking full advantage of their options.
January 29 -
College Ave Student Loans, an online lender in Wilmington, Del., announced Thursday that it has raised $20 million in equity financing.
January 28 -
Discover Financial Services reported a slowdown in growth in its credit card business but vowed to take steps to reverse the trend.
January 28 -
Discover Financial Services reported a slowdown in growth in its credit card business but vowed to take steps to reverse the trend.
January 27 -
Capital One Financial's fourth-quarter profit fell short of projections as the McLean, Va., company boosted its reserves in anticipation of higher loan losses.
January 27 -
Capital One Financial's fourth-quarter profit fell short of projections as the McLean, Va., company boosted its reserves in anticipation of higher loan losses.
January 26 -
U.S. banks are no longer barred from providing financing when American companies export certain products to Cuba, according to revised regulations from the Obama administration.
January 26 -
Steve Streit, who founded the prepaid card pioneer in 1999, is taking fire from an investment firm that owns 6.2% of the company.
January 26 -
Steve Streit, who founded the prepaid card pioneer in 1999, is taking fire from an investment firm that owns 6.2% of the company.
January 25 -
The Secured It Card requires a security deposit but also offers cash-back rewards and other perks normally associated with Discover's traditional cards.
January 25
