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

Why Lending Club Relies on a Bank You've Never Heard Of
December 18, 2014 Because of a regulatory quirk, Lending Club and its competitors depend on banks to issue their loans. The set-up raises...

U.S. Credit Card Accounts Rose by 24M Since Last Year: Report
December 17, 2014 The U.S. credit card industry continues its slow rebound from the financial crisis. In the second quarter, the number of open...

How Obama's Opening with Cuba Will Affect Banks
December 17, 2014 The president's decision to bolster ties with the island nation will likely give banks relief from sanctions, as well as...

Innovation of the Year: Online Marketplace Lending
December 17, 2014 Once known as peer-to-peer, online marketplace lending grew phenomenally and evolved rapidly in 2014, as capital flooded in...

At IPO, LendingClub Straddles Line Between Finance and Tech
December 10, 2014 Whether the startup's pricey valuation makes sense depends on whether you view it primarily as a tech firm or a financial...

Banks Signal Support for Same-Day Payments Plan
December 10, 2014 Earlier opposition to the idea appears to have eased in the wake of a new proposal that would use interbank fees to cover the...

Justice Department's Controversial Probe Hits Its Own Choke Point
December 3, 2014 After nearly two years, the Justice Department so far has accused just one bank of facilitating consumer fraud. And the...

Toyota Motor Credit Threatened with Enforcement Action
December 1, 2014 The Justice Department and the Consumer Financial Protection Bureau are alleging that Toyota Motor Credit engaged in practices...

Grameen Taps Donors to Pursue Microfinance Growth in U.S.
November 24, 2014 In Bangladesh, the microfinance pioneer operates as profitable bank. But the U.S. arm, which lacks a banking license, is...

Wells Fargo, Discover to Start Modifications of Student Loans
November 20, 2014 The moves by two of the industry’s biggest players come as regulators are pressuring lenders to offer more relief to...

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