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Home » Authors » Shannon Clark

Articles by Shannon Clark

White House Claims CFPB Cost Consumers Up to $369 Billion

February 23, 2026
Shannon Clark
The White House Council of Economic Advisers determined that since 2011, the CFPB’s regulatory burden has cost consumers between $237 billion and $369 billion. A CFPB booster disputes the analysis.
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CFPB Disputes GAO’s Recap of Changes at Bureau

February 23, 2026
Shannon Clark
The GAO detailed all significant events that occurred at the CFPB as part of its reorganization efforts between February and August 2025. The bureau disputed the accuracy of the report.
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District Court in Washington Refuses to Block State SPCP

February 23, 2026
Shannon Clark
The Foundation Against Intolerance and Racism claimed that a Washington state special purpose credit program violated a clause of the 14th Amendment by using race-based criteria for eligibility.
Read More

Other News in Brief

February 23, 2026
Shannon Clark
District court dismisses mortgage discrimination class action; PACE rule will take effect March 1 after court approval; Warren launches inquiry into “anti-consumer practices” in the auto lending industry.
Read More

Robust Servicing Practices Protect ABS Amid Risk

February 19, 2026
Shannon Clark
Moody’s advised consumer ABS issuers to implement backup servicers and strong custodial arrangements to mitigate risks.
Read More

Industry Backs HUD’s Plan to End Discriminatory Effects Rule

February 19, 2026
Shannon Clark
Mortgage industry generally supports the proposal’s efforts to withdraw HUD’s discriminatory effects regulations.
Read More

SFA Seeks Clarity on Car Loan Interest Deduction

February 12, 2026
Shannon Clark
SFA asked the IRS to provide additional information on how the new car loan interest deduction rule and reporting requirements apply to auto loan securitizations.
Read More

Loan-on-Loan Deals Rising for Commercial Properties

February 12, 2026
Shannon Clark
Loan-on-loan facilities for commercial properties offer lenders more flexibility, financing of larger loans and can be tailored to a specific agreement.
Read More

House Committee Torn on Next Move for Affordable Housing

February 12, 2026
Shannon Clark
Rep. Maxine Waters, D-CA, applauded the House’s effort to pass the Housing for the 21st Century Act, but said one bill isn’t enough to fix the housing affordability crisis.
Read More

Rocket Sues Mortgage Broker for Hiding Borrowers’ Debts

February 12, 2026
Shannon Clark
The lender accused Sharp Loan of concealing borrowers’ debts on three loan applications. Rocket claims undisclosed loans were facilitated by Sharp with United Wholesale Mortgage.
Read More
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