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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.

Discover Targets College Students in Search for New Customers
July 23, 2014 The credit card issuer is looking to build its campus business at a time when other banks' relationships with college and...

Texas Targets Retailers Charging Debit-Card Fees
July 23, 2014 Texas authorities have ordered 14 merchants in the state to stop imposing surcharges on debit card purchases.

Discover Reports Record EPS as Loans Grow 7%
July 22, 2014 Discover Financial Services reported a rise in quarterly profits Tuesday on strong growth in its loan portfolio.

Credit Line Increases Fuel Growth at Capital One
July 18, 2014 The McLean, Va., company is once again making more credit available to its existing credit card customers. New regulations had...

Issa Accuses DOJ Official of Misleading Congress
July 17, 2014 The California Republican, who's one of the most vocal critics of Operation Choke Point, trained his sights Thursday on...

Capital One Reports Growth in Commercial Banking, Auto Lending
July 17, 2014 Capital One Financial used growth in its commercial banking and auto lending businesses to build its earnings in the second...

House Gives Thumbs-Up to Marijuana Banking
July 16, 2014 Under a measure passed Wednesday, the use of federal funds to punish banks for providing accounts to pot businesses would be...

Dems, GOP Spin Competing Narratives About Operation Choke Point
July 15, 2014 At a congressional hearing Tuesday, partisan lawmakers gave wildly divergent interpretations of the payment system crackdown.

Bank Regulators Respond to 'Choke Point' Critics
July 15, 2014 The FDIC, OCC and Federal Reserve all plan to testify Tuesday that banks, not their regulators, are ultimately responsible for...

Wells Ends High-to-Low Reordering for Checks, Recurring Debits
July 11, 2014 The San Francisco bank abandons a practice that led to more overdraft fees and drew the ire of consumer advocates.