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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Chicago-based Akouba will offer its origination and underwriting platform to ABA-member banks, which will receive preferred pricing.
February 13 -
The bank's board is considering whether to withhold bonuses for CEO Tim Sloan and Chief Financial Officer John Shrewsberry.
February 8 -
Most recently Thomas Pahl worked on debt collection and credit reporting issues as a partner at Arnall Golden Gregory in Washington.
February 8 -
CFO John Shrewsberry projects that legal costs and other expenses related to the scandal will swell to between $50 million and $60 million and remain at that level for the next several quarters.
February 8 -
Jessica Rich, who joined the agency in 1991, is stepping down in mid-February, the FTC announced Tuesday.
February 7 -
Corporate borrowers aren’t ready just yet to pull the trigger on multimillion-dollar loans to buy fleets of trucks or scads of new inventory despite excitement about a more business-friendly Washington, lenders cautioned.
February 7 -
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
