Kevin Wack

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.

All Kevin Wack's Stories
Data breaches have become scarily commonplace. But even small financial institutions can take action to thwart hackers and minimize losses.
Prosper Marketplace on Monday announced a three-year agreement to offer financing to consumers making improvements to their homes through the website HomeAdvisor.com.
Low borrowing costs and rising home values are just two of several reasons why owning a home is far less burdensome than it was a decade ago.
The Detroit company is plowing ahead with its growth strategy at a time when some shareholders are agitating over its sagging share price.
Sure, the U.S. government recently handed down strong new rules designed to protect consumers from unwanted robo-calls. But maybe some robo-calls aren't so bad. Like debt-collection calls in cases where the debt happens to be backed by Uncle Sam.
U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.
Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its president.
Just 8% of U.S. mortgage origination volume in the second quarter went to borrowers with subprime credit scores, according to new research by the New York Fed. The findings suggest that mortgage standards have loosened only slightly, if at all.
A New York law that was invalidated by a federal judge was one of many efforts by big cities to pressure banks into making more investments in local communities after the crisis. Some municipal laws could be more vulnerable to bankers' legal challenges than others.
A federal judge has overturned a New York City law that would have required banks to make new disclosures regarding their investments in local communities.
Unlike in personal loans, where Lending Club saw an opportunity to lower the cost of consumer credit card debt, in mortgages, the play is not in providing lower-priced credit, but rather in removing friction, Renaud Laplanche says.
AssetAvenue, a marketplace lender that specializes in commercial real estate finance, announced that it has hired Peter Coleman as its chief financial officer.
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