American Banker Wins Three SABEW Awards

American Banker Wins Three SABEW Awards 
Honored for Commentary, Investigative Journalism, Explanatory
NEW YORK, NY -- (Marketwire) -- 02/27/13 --   American Banker has won
three Society of American Business Editors and Writers' (SABEW) 2012
Best in Business awards, in the categories of Commentary,
Investigative and Explanatory journalism.  
The SABEW Awards recognize excellence in business and financial
journalism in published, posted, and broadcast work. SABEW, the
world's largest organization of business and financial journalists,
is based at Arizona State University's Walter Cronkite School of
Journalism and Mass Communication. 
American Banker staff reporters Jeff Horwitz and Maria Aspan won the
Investigative Journalism award in the category of dailies with
circulations up to 100,000 for their coverage of banks' credit card
debt collection practices. Victoria Finkle and Horwitz were
recognized in the Explanatory category for their piece profiling the
market for credit card payment protection plans. Editor at Large
Barbara Rehm was honored for her hard-hitting Commentary. 
"High-quality journalism matters more than ever in a digital world
where words are cheap. It's rewarding to see our colleagues
recognized for first-class work that's making a difference," said
Neil Weinberg, Editor in Chief of American Banker. 
In their stories on credit card debt collection, Horwitz and Aspan
exposed how large banks and outside agencies demand billions of
dollars in payments from troubled credit card customers based on
faulty and even non-existent records. The series gained widespread
media attention and led to investigations and a Federal Trade
commission report substantiating many of the concerns raised by
American Banker.  
Finkle and Horwitz's story on credit card payment protection plans
explained how banks generate in excess of a billion dollars in annual
profits via deft regulatory and legal maneuvering with a product that
offers buyers minimal value. Following the story's publication, the
Consumer Financial Protection Bureau came to multi-million
settlements with Capital One and Discover Financial Services over
their payment protection marketing. 
Barbara Rehm was recognized for delivering the truth to the banking
industry, even when it hurts. The long-time American Ba
nker staffer's
columns are discussed throughout the banking industry for their
pointed, unflinching commentary. As is true with the best
commentators, Rehm also regularly breaks news, as she did in a recent
column titled "Big Banks Flunk OCC Risk Tests." 
This marks the third consecutive year that SABEW has recognized
Horwitz's work at American Banker. He won awards in Investigative
Journalism in 2012 and 2011 for his in-depth look at conflicts of
interest in the mortgage servicing industry. 
This year's SABEW Awards will be presented April 5, 2013 at the 50th
annual SABEW spring conference at George Washington University in
Washington, D.C.  
About American Banker
 American Banker ( is
the banking industry's most powerful resource for news, analysis,
opinion and perspective about financial institutions, regulation,
risk management, bank technology and market trends. 
About SourceMedia
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company, is a diversified business to business media company serving
the financial industry and the related fields of professional
services and technology. SourceMedia offers its clients and
subscribers professional publications and online information
services, industry-standard data applications, and in-depth seminars
and conferences. 
Corporate Contact: 
Jennifer Starkey, APR
SourceMedia, Inc.
One State Street Plaza, 27th Floor
New York, NY 10004
Tel. 212.803.8200 
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