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Kevin Wack

Staff Writer

Kevin Wack is a California-based reporter for American Banker who covers the U.S. consumer finance industry. He was formerly the newspaper's Capitol Hill correspondent. Earlier, he worked on financial policy in Washington, first as a fellow with the Senate Permanent Subcommittee on Investigations and later as senior editor for the Congressional Oversight Panel for TARP. Wack has also reported for the Associated Press and worked as the investigative reporter for the Portland Press Herald in Maine. 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.

Recent Stories From this Author

Postal Banking Lite: Expanded Remittances, Check Cashing
May 21, 2015 Last year the mail carrier's office of inspector general suggested a potential expansion into small-dollar lending, but the...

Postal Inspector General Scales Back Banking Ambitions
May 21, 2015 The government agency that proposed a controversial expansion by the U.S. Postal Service into financial services now...

Why Banks Are Finally Embracing Same-Day Payments
May 19, 2015 After the industry rejected a 2012 plan for speedier electronic payments, its authors made two key changes designed to win...

Banks Give Green Light to Same-Day Payments
May 19, 2015 The plan calls for the implementation of two new same-day settlement windows by March 2018. Fees that banks and credit unions...

P-to-P Lenders Ask Congress for More Support
May 13, 2015 During a House hearing, marketplace lenders suggested that the U.S. government follow the lead of the U.K., which has set up a...

Student Loans, Auto Debt Rose in Q1; Credit Card Obligations Fell
May 12, 2015 U.S. consumers in the first quarter borrowed more to pay for education and automobiles, but overall their debt burden was...

Big Banks Moving Too Slowly on Checking Account Protections: Report
May 12, 2015 A new study by a consumer group found that checking account disclosures at the nation's largest banks have improved, but...

Green Dot's Earnings Rise Despite Fall in Projected Revenue
May 7, 2015 Green Dot reported higher first-quarter earnings Thursday, thanks partly to the revenue generated by a recently acquired tax...

Expansion Comes at a Price for Marketplace Lenders
May 6, 2015 Companies like OnDeck and Lending Club are under pressure to keep finding new borrowers, but there are signs that customer...

Lending Club Grew Faster than Planned in 1Q on Partnership Deals
May 5, 2015 Lending Club stayed on its fast-growth trajectory in the first quarter, as loan originations and operating revenue more than...

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