Staff Writer

Kevin Wack covers Capitol Hill for the American Banker. From 2009 to early 2011, he worked on financial policy in Washington, first as a fellow with the Senate Permanent Subcommittee on Investigations and later as a policy analyst and senior editor for the Congressional Oversight Panel for TARP. Prior to arriving in Washington, Wack worked as the investigative reporter for the Portland Press Herald in Maine. He has also reported for the Associated Press. A St. Louis native, Wack is a graduate of Stanford University and holds a master's degree from Northwestern University's Medill School of Journalism.

Big Banks Ask 'What's the Rush?' on Faster Payments
December 5, 2013 The Fed's vision of a vastly improved payments system within 10 years is getting a chilly reception from a group representing...

N.Y. Subpoenas Firms That Generate Leads for Online Lenders
December 3, 2013 The demand for information is the latest gambit in Superintendent Benjamin Lawsky’s attack on the online payday lending...

Wells Fargo, U.S. Bank Face Crossroads on Deposit Advances
November 26, 2013 The short-term consumer loan product will either have to be overhauled or ditched in the wake of new regulatory guidance.

Why Student-Loan Refinancing Remains a Rarity
November 22, 2013 Barely a handful of lenders are refinancing student loans, despite a prolonged period of low interest rates and the surging...

Store-Branded Credit Card Scrutiny Could Hurt Citi, GE
November 22, 2013 The two lenders are the largest issuers of deferred-interest credit cards and would be most affected by a CFPB crackdown on...

CFPB Takes First-Ever Enforcement Action against a Payday Lender
November 20, 2013 Cash America will pay up to $19 million to settle allegations that it robo-signed documents, overcharged military borrowers...

All I Want for Christmas Is a Copy of the Volcker Rule
November 18, 2013 Receiving Wide Coverage ... Holiday Reading: The long-simmering battle between five federal agencies over the Volcker Rule...

Student Lender SoFi Plans First Securitization
November 15, 2013 In a sign of the interest among U.S. professionals in refinancing their federal student loan debt, start-up lender Social...

Message to Banks: Speed Up Payments or Fed Will Take Charge
November 15, 2013 The central bank is making clear it has doubts about the private sector's ability to implement a faster electronic payments...

Banks Disappointed Supreme Court Won't Hear Disparate Impact Case
November 14, 2013 An out-of-court settlement in Mount Holly, N.J., means that the court will not weigh in on whether the controversial legal...