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 newly installed chairman of the Federal Communications Commission voted against 2015 rules that largely rejected the banking industry's entreaties.
January 31 -
The Pasadena, Calif.-based prepaid card issuer expects to gain 750,000 active new cardholders in the deal.
January 30 -
The banking trade group confirmed that it has run a formal bidding process to find a partner.
January 27 -
The upcoming launch of Zelle gives Chase, B of A, Wells Fargo and other large banks an opportunity to correct their past mistakes.
January 27 -
Direct deposit transactions accounted for 52% of all transactions processed through the speedier system
January 25 -
The auto lender also said originations fell 24% due to intense competition.
January 25 -
Strong loan growth was partially offset by rising delinquencies in its flagship credit card business, as well as in student and personal loans.
January 24 -
A deal between Ford Motor Credit and a San Francisco-based startup will give car buyers the option of customizing their own loan terms.
January 24 -
Documents filed in connection with a $586 million settlement reveal how certain agents for the global money transmitter enabled extensive fraud and money laundering.
January 23 -
The Stamford, Conn., credit card issuer reported net income of $576 million, up 5.3% from the same period a year earlier.
January 20
