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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.

How CFPB Is Trying to Bring Financial Education to the Masses
February 23, 2015 The unfortunate reality is that those who most need credit counseling help are also the hardest to reach. In a Q&A, the...

What Auto Bubble? Subprime Lender Looks to Deflate Critics
February 19, 2015 The chief executive officer of Exeter Finance responds to critics who argue that it's become too easy for Americans with low...

Discover Finds Mortgages a Tough Nut to Crack
February 13, 2015 Just three years ago, CEO David Nelms heralded the purchase of LendingTree Loans as a milestone in Discover's evolution from a...

The Fed's Unexpectedly Bold Payments Idea
February 11, 2015 The central bank is floating the concept of using the Internet to facilitate the direct clearing of transactions between...

Wells Fargo to Pay $4 Million to Settle Credit Card Allegations
February 5, 2015 Wells Fargo has agreed to pay $4 million to settle charges that it made secured credit card loans in violation of New York law.

Judge Upholds Texas' Ban on Fees for Credit Card Purchases
February 5, 2015 A federal judge has upheld a Texas law that bars the state's retailers from charging an additional fee to customers who pay...

Santander Consumer USA Bets on Credit Recovery in Auto Lending
February 3, 2015 The Dallas-based subprime auto lender lowered its provision for losses in the fourth quarter even as delinquencies and...

Green Dot Plans to Offer Credit to Prepaid Customers
January 30, 2015 The move likely foreshadows the market impact of proposed regulations requiring prepaid card issuers to assess consumers'...

Calif. Bank's Decision Imperils U.S.-Somalia Money Pipeline
January 30, 2015 The ability of Somali-Americans to send cash home to their relatives is again in peril after a California bank decided to stop...

GM Still Manages to Hurt Ally Eight Years After Breakup
January 29, 2015 Ally Financial faced tough questions Thursday about its strategy in the wake of the Detroit automaker's decision to use its...