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Home » Authors » Shannon Clark

Articles by Shannon Clark

MBA Favors CFPB’s Personal Financial Data Rights Rule

November 7, 2025
Shannon Clark
The trade group said the bureau’s open banking rule is a productive step toward encouraging a consumer-authorized data-sharing system.
Read More

Feeder Fund Activity With Mortgages Poised for Increase

October 30, 2025
Shannon Clark
Feeder funds can ease the barrier of entry for investors into the residential mortgage loan market. Fitch set new rating criteria for the asset.
Read More

MBA Seeks Looser Capital Requirements for Banks

October 30, 2025
Shannon Clark
The Mortgage Bankers Association is concerned the current risk weights for MSRs and warehouse lines are limiting activities at banks.
Read More

CFPB Drops Nonbank Registry Efforts

October 29, 2025
Shannon Clark
The registries were developed during the Biden administration and had faced strong pushback from nonbanks.
Read More

Mortgage Complaints to CFPB Increase in 3Q With Servicing Issues

October 28, 2025
Shannon Clark
Mortgage-related complaints submitted to the CFPB increased by 6.9% on a quarterly basis in the third quarter.
Read More

Trump Admin Opposes Full Circuit Hearing in NTEU Case

October 27, 2025
Shannon Clark
The Trump administration argued that a majority panel of the court correctly concluded the National Treasury Employees Union cannot bring an Administrative Procedure Act claim challenging an “entirely nonbinding” purported decision to close the CFPB.
Read More

Mortgage Complaints Rise Moderately in Third Quarter

October 27, 2025
Shannon Clark
Consumer grievances received by the CFPB increased across three of the four major complaint categories during the third quarter of 2025.
Read More

Vought Expects CFPB to Be Shut Down by End-2025

October 27, 2025
Shannon Clark
Contrary to the Trump administration’s statements in court, CFPB Acting Director Russell Vought said the bureau will be shut down within the next two to three months.
Read More

MBA Seeks Further Changes to New York CRA

October 27, 2025
Shannon Clark
The Mortgage Bankers Association is concerned that New York’s Community Reinvestment Act plans will place restrictive limits on CRA credit for purchased loans.
Read More

Trade Groups Split Over Section 1033 Revisions

October 27, 2025
Shannon Clark
While trade groups representing banks are seeking a major overhaul of the current rule, fintechs said the rule preserves the principle that financial data belongs to consumers and not banks.
Read More
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