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 San Francisco online lender reported a $32 million loss in the fourth quarter, which brought red ink for the full year to $146 million.
February 14 -
The cards could prove to be popular with Americans who travel frequently to Asia.
February 14 -
The Online Lending Policy Institute says it aims to fill a gap in fintech research.
February 14 -
JPMorgan Chase and Wells Fargo are among the large institutions that are making fewer car loans amid intense price competition and concerns that lenders are at risk of bigger losses.
February 13 -
Chicago-based Akouba will offer its origination and underwriting platform to ABA-member banks, which will receive preferred pricing.
February 13 -
The bank's board is considering whether to withhold bonuses for CEO Tim Sloan and Chief Financial Officer John Shrewsberry.
February 8 -
Most recently Thomas Pahl worked on debt collection and credit reporting issues as a partner at Arnall Golden Gregory in Washington.
February 8 -
CFO John Shrewsberry projects that legal costs and other expenses related to the scandal will swell to between $50 million and $60 million and remain at that level for the next several quarters.
February 8 -
Jessica Rich, who joined the agency in 1991, is stepping down in mid-February, the FTC announced Tuesday.
February 7 -
Corporate borrowers aren’t ready just yet to pull the trigger on multimillion-dollar loans to buy fleets of trucks or scads of new inventory despite excitement about a more business-friendly Washington, lenders cautioned.
February 7
