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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

Lesson from Canada: Don't Mess with Card Rewards
December 5, 2016 Alliance Data Systems, a Texas-based card issuer, has scrapped plans to let rewards points expire after customers north of the...

Marijuana Banking Group Formed in Calif.
December 5, 2016 Banks and credit unions in California plan to participate in a new working group that will focus on the cannabis industry's...

Wells Fargo Makes Exception to Retirement Policy for Top Lawyer
December 2, 2016 Wells Fargo is making an exception to its retirement policy for its longtime general counsel, who plans to remain with the...

Critics Predict More Woes for Subprime Business Lenders
December 1, 2016 The recent shake-up at CAN Capital could spark greater scrutiny of a sector that has drawn comparisons to the bubble-era...

New Partnership Promises Better Data for Marketplace Loan Buyers
December 1, 2016 The credit reporting firm TransUnion has unveiled a new partnership that is designed to provide more thorough data to...

Bank of the Year: USAA
November 29, 2016 For its commitment to improving the long-term health of depositors, and a nimble, failure-is-not-a-dirty-word approach to...

Leading Merchant Cash Advance Provider Replaces Its CEO
November 29, 2016 CAN Capital said Tuesday that CEO Daniel DeMeo has been placed on a leave of absence. Parris Sanz, the company's chief legal...

One Last Gasp from Operation Choke Point?
November 28, 2016 Several banks have cut ties with payday lenders in recent weeks, and there is evidence that regulators could be pressuring...

Payday Lenders Seek Emergency Relief from 'Operation Choke Point'
November 25, 2016 Payday lenders are seeking a court injunction to stop what they say is a concerted effort by federal banking regulators to cut...

FCC Denies Mortgage Servicers' Bid for Robo-Calling Waiver
November 18, 2016 The Federal Communications Commission has denied a request to exempt servicers from getting consent before robo-calling...

Will Trump's AG Pick Just Say No to Pot Banking?
November 18, 2016 Sen. Jeff Sessions is one of the marijuana industry's staunchest foes. He could upend efforts by the Obama administration to...

Wells Fargo's Account Openings Plunged 44% in October
November 17, 2016 Wells Fargo is continuing to sustain damage from the phony-accounts scandal that emerged in early September, according to new...

LendingTree Agrees to Buy Rival Comparison Shopping Site
November 17, 2016 LendingTree has agreed to pay up to $130 million to acquire the credit card shopping site CompareCards.

Laplanche Seeks Second Act in Online Lending
November 16, 2016 The Lending Club founder is trying to stage a comeback with the formation of a new online consumer lender. But he will likely...

Big Banks Seek DOJ's Blessing for Real-Time Payment System
November 14, 2016 The Clearing House, which is co-owned by the nation's largest banks, has asked the Justice Department to conduct an antitrust...

FTC Sues NetSpend Over Prepaid Card Ad Claims
November 10, 2016 The Federal Trade Commission filed a lawsuit against NetSpend on Thursday, alleging that the prepaid card issuer deceived...

Online Lending Startup Targets Travelers
November 10, 2016 UpLift is the latest Silicon Valley startup seeking to peel off a slice of the $1 trillion credit card market.

Green Dot Ekes Out $2M Profit as Revenue Rises
November 9, 2016 Green Dot reported net income of $2 million in the third quarter as the prepaid card issuer sought to overcome the revenue it...

Seven States Approve Marijuana Measures
November 9, 2016 Voters in Florida, North Dakota, Montana and Arkansas approved medical marijuana measures on Tuesday, while their counterparts...

Consumer Debt Habits Barely Budge Despite CARD Act's Nudge
November 8, 2016 New research finds that many credit card users continue to pay only the minimum required each month, in spite of...

Podcast
In this episode of Breaking Banks: American Banker's Innovator of the Year, John Hope Bryant of Operation Hope; Richard Brown and Charley Cooper of the blockchain consortium R3; and Ravi Srinivasan, who describes India's drastic move to stamp out cash.