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Home » Authors » Shannon Clark

Articles by Shannon Clark

CFPB Asks SCOTUS to Deny CashCall’s Petition

February 9, 2026
Shannon Clark
CashCall wants the Supreme Court to weigh in whether the lender waived its right to a jury trial in its lawsuit with the CFPB.
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New Jersey Enacts New Disparate-Impact Rule

February 9, 2026
Shannon Clark
The new rule codifies financial institutions’ existing obligations under the state antidiscrimination law.
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CFPB, Trump Clash Over Credit Card Interest Cap

February 9, 2026
Shannon Clark
President Trump wants Congress to enact a temporary 10% cap on credit card interest rates, while CFPB actions seem to be causing rates to go up.
Read More

Other News in Brief

February 9, 2026
Shannon Clark
Senate Democrats urge CFPB to rescind ECOA proposal; federal court denies trade group’s challenge to the PACE rule; 22 state AGs seek partial summary judgment in a lawsuit against the CFPB.
Read More

State Regulators Challenge OCC Preemption Proposals

February 5, 2026
Shannon Clark
State regulators said OCC’s proposals seeking to preempt state interest-on-escrow laws exceed its authority and ignore legal precedent.
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AI Regulation Intensifying at State Level

February 4, 2026
Shannon Clark
The mortgage industry is concerned that new state-level artificial intelligence regulations will impose duplicative or conflicting requirements.
Read More

Two Harbors Bounces Back in 4Q

February 3, 2026
Shannon Clark
Third-quarter results were hampered by a legal settlement.
Read More

Short Takes: FICO 10T Adoption Surges / Purlin Merges With Final Offer / New SVP at First Horizon / Homeownership Gap Within Gen Z

February 3, 2026
Shannon Clark
FICO says the recent surge in adoption of 10T scoring is largely driven by community lenders operating in underserved markets.
Read More

State Regulators Oppose OCC’s Proposal on Preemption

January 30, 2026
Shannon Clark
The proposals would preempt 12 state laws designed to discourage banks from inflating escrow-account balances as a source of interest-free funding.
Read More

Pagaya Enters Forward Flow Agreement for POS Loans

January 29, 2026
Shannon Clark
The deal will expand Pagaya’s point-of-sale platform. The fintech also launched a revolving asset-backed funding structure this month.
Read More
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