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Home » Authors » Shannon Clark

Articles by Shannon Clark

CFPB EEO Complaints Fall, Requests for Counseling Rise

April 6, 2026
Shannon Clark
The most frequently raised issues in the CFPB’s fiscal 2025 formal EEO complaints were tied to non-sexual harassment and termination.
Read More

CMBA Grilled on Members’ Forbearance Efforts

April 6, 2026
Shannon Clark
State legislators questioned the California Mortgage Bankers Association about its efforts to ensure compliance with the state’s temporary mortgage forbearance act for wildfire victims.
Read More

SCOTUS Rejects Appeal of Lawsuit Won by CFPB

April 6, 2026
Shannon Clark
The CFPB had won a $7.9 million civil money penalty against now defunct Nationwide Biweekly Administration. Separately, a Ninth Circuit panel declined to rehear a case involving national preemption.
Read More

Other News in Brief

April 6, 2026
Shannon Clark
CFPB sent an ECOA proposal to OMB for review; Vought requests CFPB funding for the third quarter of fiscal 2026; Warren sends new letter to the CFPB regarding zombie mortgages; HUD launches investigation into a Washington SPCP.
Read More

Mortgage-Specific AI Tools Offer Better Accuracy for Industry

April 3, 2026
Shannon Clark
Artificial intelligence tools that are specifically designed for mortgage tasks offer more accurate results than general-purpose AI models, according to a new study.
Read More

CMBS Market Sees Potential Increase in Rating Shopping

March 26, 2026
Shannon Clark
Ratings from a single firm are increasingly common for single-asset/single-borrower commercial MBS, a sign of potential rating shopping.
Read More

State Regulators Not Ready to Reform Nonbank Supervision

March 26, 2026
Shannon Clark
State regulators are still in the early stages of considering changes to how the largest nonbank mortgage companies are supervised.
Read More

State AGs Sue to Block HUD Fair Housing Act Guidance

March 26, 2026
Shannon Clark
The attorneys general said the guidance threatens to cut complaint referrals and funding to state and local fair housing agencies that provide protections that go beyond the federal Fair Housing Act.
Read More

HUD Launches Investigation Into Washington SPCP

March 25, 2026
Shannon Clark
HUD is investigating Washington State's Covenant Homeownership Program over allegations that the program violates the Fair Housing Act by imposing some eligibility restrictions based on racial descent.
Read More

CFPB Charts New Path With Draft Strategic Plan

March 24, 2026
Shannon Clark
The bureau said its strategic goals were shaped by and are in alignment with President Trump’s “economic strategy and management agenda.”
Read More
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