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Home » Authors » Shannon Clark

Articles by Shannon Clark

Industry, Consumer Groups at Odds on Section 1071 Changes

January 2, 2026
Shannon Clark
The proposal seeks to narrow the scope of the original rule's data collection requirements.
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Short Takes: FHLBank Chicago Opens Community Advance Product for 2026 / Equity Bancshares Completes Merger / 2025 Mortgage Rates Hit New Low / Independent Bank Corp. Appoints New EVP Retail Banking

January 2, 2026
Shannon Clark
The FHLB of Chicago's Community Advance product is accepting applications for the new year.
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FDIC, OCC Challenge Colorado Rate Cap

January 2, 2026
Shannon Clark
The federal banking regulators opposed Colorado’s attempt to enact a law that would allow the state to make out-of-state banks subject to its interest rate caps when lending to Colorado borrowers.
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CFPB Commits to Fair Lending Activities on New Terms

January 2, 2026
Shannon Clark
Members of the CFPB’s Consumer Advisory Board cautioned against the bureau’s shift in fair lending priorities, including the elimination of disparate impact to prove discrimination.
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Warren Seeks Records on Forgiven Zombie Mortgages

January 2, 2026
Shannon Clark
Sen. Elizabeth Warren, D-MA, said it appears banks sold mortgages forgiven under the national mortgage settlement to debt collectors.
Read More

Judge Orders Trump Administration to Fund CFPB

December 31, 2025
Shannon Clark
Judge Amy Berman Jackson said while the preliminary injunction doesn't contain a provision expressly ordering the bureau to request funds from the Fed, it does set out clear duties that require money to fulfill.
Read More

Consumer Advocates Criticize CFPB's ECOA Proposal

December 31, 2025
Shannon Clark
The proposal would make major changes to the Equal Credit Opportunity Act.
Read More

Short Takes: Online Research Impacting Real Estate Agent Selection / States Sanction MLO for SAFE Act Violations / Accurate Group Completes First UAD 3.6 / reAlpha Launches National LO Recruitment Program

December 31, 2025
Shannon Clark
A new Zillow report found 36% of home sellers now find their agents through online channels, up from 15% in 2018.
Read More

CDIA Calls Out Credit Washing for Rise in Credit Reporting Complaints

December 23, 2025
Shannon Clark
The CDIA said that credit washing, encouraged by credit repair organizations, is driving the increase in complaints submitted to the CFPB.
Read More

Full Appeals Court to Hear NTEU Lawsuit on CFPB’s Fate

December 22, 2025
Shannon Clark
The District of Columbia Circuit has granted the National Treasury Employees Union’s request for en banc rehearing of its lawsuit against CFPB Acting Director Russell Vought.
Read More
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