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Home » Authors » Shannon Clark

Articles by Shannon Clark

First Brands Bankruptcy Impacted by Director Move

November 26, 2025
Shannon Clark
The auto parts maker removed and replaced its independent directors just before it filed for Chapter 11 bankruptcy, a move that is being challenged in court.
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Big Banks’ Mortgage Data Potentially Exposed in Cyberattack

November 26, 2025
Shannon Clark
Several of the nation’s largest banks were among the banks notified by SitusAMC that their client data may have been improperly accessed.
Read More

Trump Administration Reinstates CDFI Fund Staff

November 26, 2025
Shannon Clark
The administration had unilaterally moved to severely limit operations at the Community Development Financial Institutions Fund.
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CFPB Proposes More Lenient Enforcement Under ECOA

November 25, 2025
Shannon Clark
The proposal also aims to limit activity under special purpose credit programs.
Read More

CFPB Set to Run Out of Funds by Early 2026

November 24, 2025
Shannon Clark
In recent court filings, the CFPB cited a memo from the Department of Justice that said the Federal Reserve currently lacks “combined earnings” from which the bureau can draw.
Read More

White House Taps Levenbach for CFPB Director Position

November 24, 2025
Shannon Clark
The nomination of Stuart Levenbach is just a tactic to extend CFPB Acting Director Russell Vought’s tenure at the agency, according to a bureau spokesperson.
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CFPB Proposes Widespread ECOA Changes

November 24, 2025
Shannon Clark
The proposed changes would eliminate the use of disparate impact under the Equal Credit Opportunity Act and restrict conditions for creditors to offer special purpose credit programs.
Read More

Bureau Seeks to Narrow Section 1071 Rollout

November 24, 2025
Shannon Clark
The new Section 1071 proposal would raise the covered loan origination threshold and exclude certain loans from coverage.
Read More

Zillow Sued for ‘Steering’ Borrowers to its Lending Business

November 24, 2025
Shannon Clark
The online real estate marketplace is accused of providing incentives to affiliated real estate agents to “steer” homebuyers toward mortgages from Zillow Home Loans.
Read More

Lenders Hit With Consent Orders From States

November 24, 2025
Shannon Clark
California and Washington issued separate consent orders involving alleged violations of mortgage and consumer protection laws.
Read More
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