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.
Recent Stories From this Author
Calif. Gov. Sued for Diverting National Mortgage Settlement Funds
March 14, 2014 A lawsuit alleges that Democratic Gov. Jerry Brown violated state law by diverting hundreds of millions of dollars from the...
Banks Disappointed Supreme Court Won’t Hear Disparate Impact Case
November 15, 2013 An out-of-court settlement in Mount Holly, N.J., means that the court will not weigh in on whether the controversial legal...
Household Debt Rises in 3Q: New York Fed
November 14, 2013 Total household indebtedness rose by $127 billion in 3Q13 from the prior quarter, mostly due to rising balances on mortgages,...
Force-Placed Rules Expected to Have Minimal Impact
November 6, 2013 The directive bars banks that do business with Fannie and Freddie from receiving commissions from insurers, but still lets...
FHFA Watchdog Opens Force-Placed Insurance Review
October 21, 2013 FHFA Acting Director Ed DeMarco has been vague about why the regulator rejected Fannie’s force-placed proposal, a decision...
Chase Settles Suit Alleging Kickbacks on Force-Placed Insurance
September 9, 2013 JPMorgan Chase has agreed to stop accepting commissions from the nation's top provider of force-placed insurance in an...
Discover Getting Set to Offer Home Equity Loans
July 25, 2013 Discover Financial Services in the next few months plans to enter the home equity lending business.
JPMorgan Outlook Worsens Fears About Mortgages
July 15, 2013 The real news in JPMorgan Chase's second-quarter report was the weak outlook that it provided for traditional banking.
Wells Stays Upbeat as Rising Rates Cut into Refi Business
July 12, 2013 Wells Fargo is predicting a sharp decline in mortgage originations this quarter, but CEO John Stumpf is hardly worried.
Supreme Court Agrees to Hear Fair Housing Case
June 17, 2013 Banks are pushing to overturn a legal theory that allows fair lending suits when there is no evidence that the lender...
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