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 Kennesaw, Ga.-based company, which targets borrowers with blemished credit records, has acquired LoanHero, which specializes in loans at the cash register.
January 11 -
There are dangers for companies that portray themselves as virtuous, particularly if their corporate cultures do not match the public stories they have been telling about themselves.
January 10 -
The McLean, Va., company said that the personnel moves were unrelated to either its financial performance or its risk performance.
January 9 -
The late-payment rate on loans frequently used to consolidate credit card debt hit its highest level in more than four years.
January 9 -
The milestone marks the end of a seven-year-long recovery in the credit card market that followed the Great Recession.
January 8 -
Many low-wage employees continue to be paid by paper check. WiseWage has built an online portal on the idea that workers and their employers have a shared interest in electronic paychecks.
January 8 -
Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries.
January 4 -
Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries.
January 4 -
Intrust Bank has agreed to purchase $20 million worth of Funding Circle's small-business loans in what could just be the beginning of a long-term relationship.
January 4 -
Merchants have been challenging surcharge bans in numerous states on free-speech grounds. They have the wind at their backs following another court victory on Wednesday.
January 3
