Staff Writer

Kevin Wack covers Capitol Hill for the American Banker. From 2009 to early 2011, he worked on financial policy in Washington, first as a fellow with the Senate Permanent Subcommittee on Investigations and later as a policy analyst and senior editor for the Congressional Oversight Panel for TARP. Prior to arriving in Washington, Wack worked as the investigative reporter for the Portland Press Herald in Maine. He has also reported for the Associated Press. 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.

Payday Loans by Credit Unions Come Under Fire
May 17, 2013 The regulator of federal credit unions is promising to take steps to curtail high-cost, short-term loans, in the wake of tough...

CFPB Driving Banks to Drop Auto Dealer Incentives
May 16, 2013 The Consumer Financial Protection Bureau's focus on discrimination in the auto loan business will likely force the banks it...

Payday Lenders to CFPB: Back Off
May 16, 2013 Director Richard Cordray sat silently at a public hearing as a room full of the industry's customers and employees argued that...

CFPB Targets Discrimination in Auto Loan Battle
May 15, 2013 Consumer advocates believe the bounties banks pay to car dealers for steering customers to high-interest loans are abusive....

'Simple' Banking: Sea Change or Marketing Gloss?
May 14, 2013 A preference for greater simplicity in consumer banking products is one legacy of the financial meltdown, but the challenge...

Wealth Management Presents Opportunity, But Also Stiff Competition
May 10, 2013 Many banks are joining the crowded field of companies targeting the investment savings of the so-called mass affluent.

Lenders Push Regulators for More Leeway on Student Debt
May 7, 2013 Banks hope that banking regulators will allow them to avoid taking an accounting hit when they offer forbearance to recent...

Payday Lenders Lash Out at CFPB
May 2, 2013 U.S. payday lenders are lashing out at the Consumer Financial Protection Bureau in the wake of a report that concluded the...

Credit Bureaus Quietly Fix Reporting Flaws
May 2, 2013 A class-action lawsuit against the three major credit bureaus made headlines when a federal appeals court threw out a proposed...

Visa Earnings Grow on Rising Credit Card Volume
May 1, 2013 Visa rode rising sales volume — particularly among users of its credit cards — to strong quarterly profits.