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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A federal appeals court has ruled that Visa and MasterCard were coerced by law enforcement into cutting ties with a website that runs sex-related ads. The decision is a powerful statement in the debate over how far government officials can go in enlisting financial institutions as their deputies.
December 3 -
A federal appeals court has ruled that Visa and MasterCard were coerced by law enforcement into cutting ties with a website that runs sex-related ads. The decision is a powerful statement in the debate over how far government officials can go in enlisting financial institutions as their deputies.
December 2 -
Hours after Jamie Dimon alluded to the budding partnership, the banking giant and marketplace lender went public with their plans to launch an online lending platform in 2016.
December 1 -
The Portland, Ore., company is pitching its technology as a way for banks to enter digital lending without sacrificing their relationships with customers.
November 30 -
A federal judge who dismissed a case against two high-cost lenders suggested the outcome was unfortunate, but said her hands were tied by the law.
November 24 -
The online loan broker Fundera has published information about the interest rates paid by customers of its website, the latest development in a debate about transparency of the cost of credit provided by alternative lenders.
November 23 -
Overall U.S. auto debt surged to $1.05 trillion in the third quarter, and the rise in subprime auto loan originations has heightened the New York Fed's concerns about that market.
November 19 -
In an effort to crack down on consumer fraud, the Federal Trade Commission announced Wednesday that it will ban telemarketers from using four payment methods that are frequently abused by scam artists.
November 19 -
The telemarketing industry will not be allowed to use remotely created checks and other forms of payments under rules adopted by the Federal Trade Commission. The measures, designed to reduce fraud against consumers, drew opposition from the Federal Reserve Bank of Atlanta and the banking industry.
November 18 - New York
Springleaf Holdings has changed its name to OneMain Holdings after buying its top competitor from Citigroup for $4.49 billion.
November 17
