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.
-
Some observers are concerned that borrowers in energy-dependent regions, in an effort to compensate for pay cuts, are becoming overleveraged. But lenders say they are being prudent.
August 16 -
Avant, an online consumer lender based in Chicago, is shoring up its funding base with a pair of new transactions.
August 16 -
New documents shed light on the recent incident in which many prepaid card users reported that they were unable to access their own money.
August 12 -
New documents shed light on the recent incident in which many prepaid card users reported that they were unable to access their own money.
August 11 -
The embattled firm is offering financial incentives in an effort to kick-start lending, but compliance-focused banks have been slow to respond.
August 9 -
Lending Club announced the resignation of its chief financial officer while reporting an $81.4 million quarterly loss due largely to fallout from the scandal that rocked the firm in May.
August 8 -
The scandal-plagued marketplace lender is set to report earnings Monday, and the results aren't likely to be pretty. The big question going forward is how quickly can it reverse the damage and win back the trust of investors.
August 5 -
Green Dot profits more than doubled to $8 million in the second quarter as revenues rose slightly and expenses ticked down.
August 5 -
Green Dot profits more than doubled to $8 million in the second quarter as revenues rose slightly and expenses ticked down.
August 4 -
During a conference call with analysts on Thursday, executives at Ally Financial sought to dispel concerns that losses may soon rise in the lender's $63 billion retail auto loan portfolio.
August 4
