Kevin Wack is American Banker's national editor, and is based in southern California. He was formerly the publication's consumer finance reporter and its Capitol Hill correspondent. Earlier, he worked on financial policy in Washington. He has also reported for the Associated Press and worked as the investigative reporter for the Portland Press Herald in Maine.
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The Federal Housing Finance Agency wants mortgage servicers reaching out to delinquent borrowers to be exempt from tough restrictions on robo-calling. But the idea is being panned by consumer groups, who say it would give a free pass to mortgage servicers that have a record of consumer-protection violations.
June 29 -
Data breaches have become scarily commonplace. But even small financial institutions can take action to thwart hackers and minimize losses.
April 12 -
Prosper Marketplace on Monday announced a three-year agreement to offer financing to consumers making improvements to their homes through the website HomeAdvisor.com.
March 14 -
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.
February 12 -
The Detroit company is plowing ahead with its growth strategy at a time when some shareholders are agitating over its sagging share price.
February 11 -
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.
October 28 -
U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.
October 8
