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.

Santander Consumer Restates Earnings Again as Accounting Woes Fester
September 23, 2016 The subprime auto lender continues to struggle to get its arms around accounting issues that date to 2013.

After Brutal Hearing, What's Next for Wells Fargo?
September 20, 2016 John Stumpf may have hoped that Tuesday's hearing on Capitol Hill would mark a key turning point in Wells Fargo's blossoming...

'You Should Resign': Stumpf's Rough Day on Capitol Hill
September 20, 2016 Wells Fargo Chief Executive John Stumpf was relentlessly questioned by lawmakers for nearly three hours Tuesday about what he...

Push to Boost Pay in Branches Gets Help from Wells Scandal
September 19, 2016 A union-led coalition is seizing the opportunity presented by the firing of 5,300 workers at Wells Fargo to call for higher...

Wells Fargo Says Decision on Clawing Back Pay Rests with Board
September 19, 2016 Wells Fargo's board of directors will decide whether to claw back any executive compensation that may have been tied to...

Wells Fargo Scandal Will Rewrite the Book on Clawing Back Pay
September 16, 2016 The embattled bank is under pressure to claw back bonus pay from executives. Its decision figures to have ripple effects...

Can Wells' Stumpf Survive Storm Over Phony Accounts?
September 14, 2016 John Stumpf was coasting toward a carefully planned retirement. But the outcry over sham accounts at the San Francisco bank...

Fifth Third to Shed 44 More Branches
September 13, 2016 Fifth Third Bancorp said Tuesday that it plans to close 44 branches, a cost-cutting move that follows its recent shutdown of...

Startup Offers to Buy Home Equity, Instead of Lending Against It
September 13, 2016 A fintech startup called Point is allowing consumers sell a piece of their home equity to investors, rather than borrowing...

Wells Fargo Case Throws Harsh Spotlight on 'Managing to Metrics'
September 12, 2016 Regulators, analysts and investors are likely to take a thorough look at other banks' cross-selling tactics following Wells'...

Lending Club Hires Former Chase, Citi Exec as CFO
September 12, 2016 Lending Club, which has been rebuilding its executive ranks in the wake of a recent scandal, is hiring Thomas Casey as its...

Suddenly Wells' Card Growth Doesn't Look So Impressive
September 9, 2016 The revelation Thursday that Wells Fargo employees were opening accounts for customers without their consent is sparking doubt...

Alliance Data to Issue Credit Cards for Williams-Sonoma
September 8, 2016 Alliance Data Systems in Plano, Texas, has reached an agreement to provide credit card programs for Williams-Sonoma, the...

Lending Club Seeks to Bolster Its Retail Investor Base
September 8, 2016 The large marketplace lender is turning to everyday savers as it seeks to bounce back from a damaging scandal.

Amid Pressure to Open More Accounts, Banks Seek to Curtail Risks
September 8, 2016 Banks are making it easier to get approved for a checking account. But once-banished customers may not be able to use some of...

Wells Fargo Names Laura Oberst Head of Business Banking
September 2, 2016 Laura Oberst will take over as Wells Fargo's head of business banking at yearend.

How Banks, Credit Unions Can Prepare for Military Lending Rules
September 2, 2016 New, stricter regulations on loans to active-duty service members take effect on Oct. 3. Here’s a guide for getting ready.

Green Dot Taps Board Member to Head Banking Unit
August 31, 2016 Green Dot Corp. has tapped one of its board members, Mary Dent, to take the helm of its banking unit.

What Can Be Done to Save Black-Owned Banks?
August 30, 2016 A longtime advocate for African-American-owned financial institutions argues that regulators should be taking more forceful...

New Avenue for a Taxi Banker: Online Lending
August 24, 2016 Medallion Financial, trying to diversify beyond its traditional business of financing taxi drivers, plans to issue loans on...