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.

Data Sold to Lenders Is Full of Errors: Report
March 6, 2014 The information that some of the nation's largest data brokers are selling to consumer lenders is riddled with inaccuracies,...

Nonbank Plans to Process Payments for Pot Businesses
March 4, 2014 Citadel EFT, a credit card processing firm, announced Tuesday that it is exploring ways to allow state-licensed marijuana...

Card Issuers Start Competing on Free Credit Scores
March 3, 2014 More credit card companies are offering free credit scores to their customers as they look for ways to distinguish their...

Discover Shows Strength in Cards, Vulnerability Elsewhere
February 27, 2014 The company lowered its forecast for credit card losses Thursday, but also acknowledged weaknesses in some of its smaller...

Congressional Dems Back DOJ on Operation Choke Point
February 26, 2014 Thirteen Democratic lawmakers are encouraging the Department of Justice not to cave in the face of Republican opposition to a...

Calif. Lawmakers Look to Lead Country on Data Security
February 26, 2014 Following a series of high-profile data breaches, legislators in the nation's largest state are kicking off a debate that has...

Startup Lets Student Loan Borrowers Compare Refi Options
February 24, 2014 San Francisco-based Credible announced Monday the launch of a service that will allow private student loan borrowers to...

Auto Loan Reform Is A Tall Task
February 24, 2014 Ally opts to keep dealer markups on its auto loans, despite a hefty settlement. Will reform really happen?

Pot Business Will Be a Small-Bank Game
February 21, 2014 Smaller institutions see a potential opportunity in fee-laden accounts for pot businesses, but their larger counterparts see...

Fincen Director Gives Shout-Out to 'Breaking Bad'
February 20, 2014 Jennifer Shasky Calvery offered a character from the hit TV series as an example of a "third-party money launderer."