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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In a lengthy report released Wednesday, the bank pledged to protect whistleblowers, handle customer complaints better and re-examine its lending practices.
By Kevin WackJanuary 30 -
The Atlanta fintech is looking to expand rapidly beyond its roots of arranging financing for home improvement projects.
By Kevin WackJanuary 29 -
CEOs on the hot seat. Banks fighting to stay independent. Comfortable players ripe for disruption from Amazon and others. It is shaping up as a riveting year.
By Alan KlineJanuary 8 -
Two trends — competition from challenger banks and the emergence of real-time payments — threaten to eat away at the fees banks collect on overdrafts and bounced checks.
By Kevin WackJanuary 6 -
Before the financial crisis, federal and state regulators unabashedly pitched their charters to banks as the better choice. That's happening again, despite warnings that such jousting might result in lax oversight.
By Kevin WackJanuary 6 -
It was a year to remember for women executives at SunTrust and Amex’s new CEO, and one to forget for Wells Fargo and investors in bank stocks.
December 25 -
The Office of the Comptroller of the Currency announced Friday that it has lifted restrictions relating to U.S. Bank's flawed efforts to prevent money laundering and Citi's deceptive marketing and billing practices.
By Kevin WackDecember 21 -
As part of the agreement with HSN, Synchrony has also extended its partnerships with HSN affiliates QVC and the e-commerce site Zulily.
By Kevin WackDecember 20 -
Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change.
By Kevin WackDecember 19 -
The online lender will roll out the business early next year with a focus on loans of less than $100,000.
By Kevin WackDecember 19