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 move comes at a time when both Prosper and the broader industry it helped to pioneer are struggling.
June 29 -
The online small-business lender has also announced the hiring of a new U.S. head of capital markets.
June 29 -
The New York-based company saw its fortunes fade after riding an earlier wave of investor enthusiasm about marketplace lending.
June 29 -
LendUp is seeking to differentiate itself from competitors by making fast loan decisions and designing its customer experience around the mobile phone.
June 28 -
Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service.
June 28 -
Financial firms say the database is unreliable and would like to see it removed from public view. But the industry would also lose access to competitive insights that can be gleaned from the massive trove of consumer complaints.
June 26 -
U.S. banks and credit unions face a tricky calculus in deciding whether to adopt expensive technology aimed at reducing online fraud.
June 22 -
U.S. banks face a tricky calculus in deciding whether to adopt expensive technology aimed at reducing online fraud.
June 21 -
Michael Blume oversaw the controversial effort to crack down on consumer fraud by pressuring banks to cut off certain merchants’ access to the U.S. payment system.
June 19 -
The $13.7 billion acquisition could have significant implications for swipe-fee revenue and other grocers' in-store branches. It also raises the question of whether the Seattle e-commerce goliath will soon set its sights on the financial services industry.
June 16
