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

Discover Reports Higher Profit on Across-the-Board Loan Growth
October 21, 2014 Discover Financial Services rode loan growth in every segment of its consumer finance business to net income of $644 million...

FDIC's 2013 Letter: Banks Doing Business with Payday Lenders Is 'Unacceptable'
October 17, 2014 The Federal Deposit Insurance Corp. told an Ohio bank early last year that doing business with payday lenders is generally...

Capital One Shares Fall on Projections of Credit Deterioration
October 17, 2014 The credit-card issuer expects its loss rates to rise significantly in 2015, in contrast with rivals that still regard the...

Capital One Boosts Loss Provision, Reports Flat Earnings
October 16, 2014 Capital One Financial reported flat third-quarter earnings Thursday as rising loss provisions offset modest loan growth.

Treasury to Banks: New Guidance Is Coming on Money Transmitters
October 16, 2014 Assistant Treasury Secretary Daniel Glaser says his department is working with the federal banking agencies to ease banks'...

House GOP Scrutinizing FTC's Role in Payment Fraud Probes
October 3, 2014 The House Oversight Committee has turned its focus from the Justice Department's Operation Choke Point to FTC investigations...

Regulators Pressured Banks on Porn Businesses: Court Filing
October 3, 2014 A trade group for payment processors is accusing the Federal Deposit Insurance Corp. of improperly pressuring banks to cut...

Abuses in Online Payday Lending Are Widespread, Report Finds
October 2, 2014 Online borrowers are often hit with unauthorized charges and subjected to threats of arrests, according to a new report from...

Calif. Bank Reverses Course on Somali Money Transfers
September 30, 2014 Somali-Americans who send cash home to their relatives can breathe a bit easier following the decision by Merchants Bank of...

Subprime Credit Cards Are Making a Comeback: ABA
September 30, 2014 It's becoming easier for Americans with low credit scores to get a credit card, according to a new report. The industry...

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