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 revelation Thursday that Wells Fargo employees were opening accounts for customers without their consent is sparking doubt about the accuracy of the reported growth in the credit card business. The scandal also casts in a harsh new light on Wells strategy of building a large credit card operation through its branch network.
September 9 -
The revelation that Wells Fargo employees were opening accounts for customers without their consent is sparking doubt about the accuracy of the reported growth in the credit card business. The scandal also casts in a harsh new light Wells strategy of building a large credit-card operation through its branch network.
September 9 -
Alliance Data Systems in Plano, Texas, has reached an agreement to provide credit card programs for Williams-Sonoma, the high-end kitchenware retailer.
September 9 -
Alliance Data Systems in Plano, Texas, has reached an agreement to provide credit card programs for Williams-Sonoma, the high-end kitchenware retailer.
September 8 -
Banks are making it easier to get approved for a checking account. But once-banished customers may not be able to use some of the features that made having an account attractive in the first place.
September 8 -
The large marketplace lender is turning to everyday savers as it seeks to bounce back from a damaging scandal.
September 8 -
Laura Oberst will take over as Wells Fargo's head of business banking at yearend.
September 2 -
New, stricter regulations on loans to active-duty service members take effect on Oct. 3. Heres a guide for getting ready.
September 2 -
New, stricter regulations on loans to active-duty service members take effect on Oct. 3. Heres a guide for getting ready.
September 2 -
Prepaid card issuer Green Dot Corp. has made an executive change, hiring board member Mary Dent to lead the company's banking unit.
August 31
