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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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 24 -
The card issuer, buoyed by employment gains and its partnership with the megaretailer Amazon, is bullish on its growth prospects for 2016.
January 22 -
Opus Bank in Irvine, Calif., is the latest bank to partner with an online lender, announcing an agreement Thursday to refer certain small-business customers to OnDeck Capital.
January 21 -
LendUp, which makes subprime consumer loans online and over mobile phones, announced Wednesday that it has raised $50 million in equity funding, plus an additional $100 million in debt financing.
January 20 -
BlueVine, a Palo Alto, Calif., firm that is aiming to modernize the invoice-financing business, announced a new fundraising round on Wednesday.
January 20 -
LoanHero, an online lender specializing in consumer loans at the cash register, announced that it has raised $2.5 million in seed funding.
January 20 -
Online lenders like Aprenita, Payability and Pollen VC have all launched within the last 13 months to fill a need they say is not being met by traditional banks, and only partially by venture capitalists and invoice-financing companies.
January 19 -
Judging from the questions executives fielded about everything from the slowdown in China to the bank's energy exposure to the potential for another 2008-style crisis, worries are running high.
January 15 -
Even without a change in federal law, credit unions and banks can manage the risks associated with the marijuana business, argues a former federal bank examiner who now works in the cannabis industry.
January 13 -
Even without a change in federal law, banks can manage the risks associated with the marijuana business, argues a former federal bank examiner who now works in the cannabis industry.
January 13
