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Home » Authors » Shannon Clark

Articles by Shannon Clark

PACE Trade Group Challenges CFPB Rule

June 9, 2025
Shannon Clark
A trade group representing residential Property Assessed Clean Energy financial providers filed a lawsuit against the final rule, which is set to take effect in early 2026.
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Ruling Creates Potential Work-Product Doctrine Challenges

June 9, 2025
Shannon Clark
A ruling by a district court on a cybersecurity incident at Lakeview Loan Servicing could create challenges for other financial entities under the work-product doctrine.
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Without Much Fanfare, CFPB Ends 22 Enforcement Actions

June 9, 2025
Shannon Clark
Cases in which the bureau is seeking to terminate its consent order early or has sought to vacate are tied to Wise US, Toyota Motor Credit Corp., Townstone Financial and Trustmark National Bank.
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ABA Seeks Withdrawal of HUD’s Discriminatory Effects Rule

June 9, 2025
Shannon Clark
The 2023 disparate-impact standard doesn’t align with the policy of the Trump administration and should be replaced by a 2020 version, the trade group said.
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CFPB Disburses Restitution Checks Following Nudge From AGs

June 9, 2025
Shannon Clark
The restitution checks are tied to a $4.2 million settlement reached in 2023 with Prehired for engaging in illegal student lending services.
Read More

Other News in Brief

June 9, 2025
Shannon Clark
Court stays action in Section 1071 lawsuit; online state mortgage licensing map.
Read More

CrossCountry Loses Appeal in Age Discrimination Case

June 9, 2025
Shannon Clark
In June 2022, Shephard, a senior accountant at CCM, was told that the lender was shifting to a new business model.
Read More

Short Takes: A Debt Re-do for Rocket / Condo Prices Get Hit / Fed Launches Annual Nonbank Study / Widening Swap Spreads / CFPB Rule Changes / Covius Buying Title365

June 9, 2025
Paul Muolo and Shannon Clark
A new analyst report on mortgage REIT Dynex Capital notes that mortgage-backed security spreads over swaps are 200 basis points.
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CrossCountry Loses Appeal in Age Discrimination Lawsuit

June 6, 2025
Shannon Clark
A 65-year-old senior accountant at CCM was told that the lender was shifting to a new business model and her job was being eliminated. However, the employee claimed she was fired due to her age.
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ABA Urges OCC to Preserve National Bank Preemption

June 5, 2025
Shannon Clark
The ABA and state regulators have opposing positions regarding federal preemption of state laws. The Trump administration is considering the views amid an effort to reduce regulatory burdens.
Read More
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