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.
-
The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months.
May 17 -
Mark Begor said Wednesday that banks and other customers will receive regular updates on the credit reporting agency’s efforts to improve its cybersecurity in the wake of last year’s massive data breach.
May 16 -
U.S. credit card issuers are already caught in the middle of intense debates over guns, marijuana and cryptocurrencies. Gambling on sports is next.
May 15 -
Auto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices.
May 7 -
The class-action lawsuit filed by investors alleged that bank executives deliberately failed to disclose the full nature of its cross-selling practices to shareholders.
May 4 -
The provision would make it harder for criminals who use real Social Security numbers to create fake personas and then apply for credit.
May 3 -
The provision would make it harder for criminals who use real Social Security numbers to create fake personas and then apply for credit.
May 2 -
The Federal Savings Bank has been under a spotlight since it was revealed that it provided $16 million in mortgages to onetime Trump campaign manager Paul Manafort.
May 1 -
The agency’s 2013 guidance is frequently portrayed as either an overdue push to stamp out lending discrimination or a case study in regulatory overreach. In truth, its impact was minimal.
April 30 -
The credit card lender reported a decline in pretax earnings, but a sharply reduced tax bill led to a 17% profit gain.
April 26
