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Home » Authors » Shannon Clark

Articles by Shannon Clark

CFPB Requests $145 Million Transfer From Fed

January 12, 2026
Shannon Clark
The bureau submitted to Judge Amy Berman Jackson’s decision finding that a lapse in appropriations would violate a preliminary injunction and directing the Trump administration to fund the CFPB.
Read More

CFPB Unlikely to Transfer Enforcement Actions to DOJ

January 12, 2026
Shannon Clark
A November plan to transfer the bureau’s active enforcement actions to the Department of Justice appears to no longer be in the works, according to an industry attorney.
Read More

LO Discrimination Lawsuit Against Rate to Proceed

January 12, 2026
Shannon Clark
The mortgage lender had sought to settle allegations of gender discrimination and sexual harassment through arbitration.
Read More

CFPB Scraps Guidance on Fair Lending to Noncitizens

January 12, 2026
Shannon Clark
The move clarifies that the Equal Credit Opportunity Act doesn’t prohibit lenders’ consideration of immigration status when evaluating credit applications.
Read More

Vought Criticizes CFPB’s Previous Work in Annual Report

January 12, 2026
Shannon Clark
In CFPB’s first semi-annual report released under the Trump administration, Acting Director Russell Vought included comments throughout the report disapproving of prior agency actions.
Read More

UWM Asks Court to Strike Claims in RESPA Lawsuit

January 12, 2026
Shannon Clark
The lender urged the court to dismiss charges under the Real Estate Settlement Procedures Act and state consumer protection laws in a 2024 class-action lawsuit.
Read More

Regulatory Relief for Certain Earned Wage Access Products

January 12, 2026
Shannon Clark
Earned wage access products are no longer subject to the Truth in Lending Act’s requirements, if they meet certain terms laid out in the bureau’s new advisory opinion.
Read More

CFPB Issues Various Reports in Late December

January 12, 2026
Shannon Clark
The bureau filed a series of annual reports ranging from the credit card market to compliance with the Plain Writing Act.
Read More

Other News in Brief

January 12, 2026
Shannon Clark
Senate returns CFPB director nomination; Newrez settles servicing issues with Massachusetts; CFPB makes annual inflation adjustments for mortgage regulations.
Read More

SEC Issues No-Action Letter on CLO Accounting

January 8, 2026
Shannon Clark
The Loan Syndications and Trading Association said the SEC has clarified that CLO tranches can be classified as receivables for accounting purposes, clearing regulatory uncertainty for banks.
Read More
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