Twitter

LinkedIn

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.

Credit Card Issuers Start to Loosen the Reins on Expenses
January 23, 2015 American Express, Discover and Capital One all reported significant increases in their marketing spending last quarter, part...

Fifth Third, Regions Tally Damage from Deposit Advance Price Drop
January 22, 2015 Fifth Third Bancorp and Regions Financial are the latest banks to detail the financial fallout from a regulatory crackdown on...

Capital One Rides Credit Card Growth to 17% Higher Profits
January 22, 2015 Capital One Financial posted a 17% rise in net income in the fourth quarter thanks largely to growth in its U.S. credit card...

Amex, eBay Cut Thousands of Jobs; Discover Faces Earnings Woes
January 22, 2015 2014 ended roughly for some of the biggest payment companies, and 2015 will bring even more challenges from rapidly changing...

Discover's 4Q Hurt by Mortgages, Rewards Policy Change
January 21, 2015 Earnings at Discover Financial Services plunged by 33% in the fourth quarter, largely due to a charge tied to the firm's...

Bank Sector Can Finally Lower Its Shield After Durbin Ruling
January 20, 2015 The industry is breathing a little easier now that the Supreme Court declined to hear a case that merchants hoped would lead...

FTC Reaches Its Largest-Ever Payday Lending Settlement
January 16, 2015 The Federal Trade Commission announced its largest-ever payday lending settlement on Friday, as two companies agreed to pay...

Why U.S. Banks Won't Be Rushing into Cuba
January 15, 2015 The Obama administration's issued looser rules Thursday for transactions in the small island nation, but banks still face...

Wells Fargo Shows Upside, Downside of Improving U.S. Economy
January 14, 2015 The San Francisco bank stands to gain from stronger loan growth, but Wells may no longer be able to rely on releasing loss...

Wells Fargo Pulls Back in Auto Lending
January 14, 2015 Wells Fargo has eased off the gas pedal in auto lending, as concerns about weakening industrywide credit standards continue to...