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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Following a trail blazed by rival Social Finance, the two-year-old firm wants to expand beyond lending and offer consumers a broad array of financial products.
By Kevin WackNovember 17 -
The Dodd-Frank Act was supposed to end the regulatory advantages that came from holding a thrift charter. But in the case of USAA, it hasn't worked that way.
By Kevin WackNovember 13 -
The top Democrat on the House Small Business Committee is looking into what regulators are doing to protect small-business borrowers who use online lenders.
By Kevin WackNovember 12 -
The American Bankers Association is deemphasizing the crisis-era fight over regulation and refocusing on the rising competitive threat posed by technology companies.
By Kevin WackNovember 10 -
Revenue growth outpaced rising expenses at OnDeck Capital during the third quarter, allowing the fast-growing small-business lender to turn a profit.
By Kevin WackNovember 2 -
Los Angeles-based marketplace lender AssetAvenue has named a new chief executive.
By Kevin WackNovember 2 -
Now the question is: will online portals become a significant source of financing for U.S. small businesses, or will red tape get in the way?
By Kevin WackOctober 30 -
Lending Club rebounded to profitability in the third quarter as revenue growth at the nation's largest marketplace lender outpaced an increase in operating expenses.
By Kevin WackOctober 29 -
Antonio Weiss, a counselor to Treasury Secretary Jack Lew, called Thursday for greater transparency in the pricing of online small-business loans.
By Kevin WackOctober 29 -
Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.
By Kevin WackOctober 28