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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Easing regs without mulling the consequences could hurt the financial system, but a fintech charter and other careful reforms could promote innovation, Patrick Harker said.
February 6 -
James Hobson is resigning to become the CEO of Attune, a new company in the commercial insurance sector.
February 3 -
Usama Ashraf, the marketplace lender's new chief financial officer, will oversee finance activities and its capital markets function.
February 1 -
The acquisition should allow the San Francisco-based online lender SoFi to fulfill a long-standing goal: offering a deposit account to its young, upwardly mobile customers.
February 1 -
The newly installed chairman of the Federal Communications Commission voted against 2015 rules that largely rejected the banking industry's entreaties.
January 31 -
The Pasadena, Calif.-based prepaid card issuer expects to gain 750,000 active new cardholders in the deal.
January 30 -
The banking trade group confirmed that it has run a formal bidding process to find a partner.
January 27 -
The upcoming launch of Zelle gives Chase, B of A, Wells Fargo and other large banks an opportunity to correct their past mistakes.
January 27 -
Direct deposit transactions accounted for 52% of all transactions processed through the speedier system
January 25 -
The auto lender also said originations fell 24% due to intense competition.
January 25
