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Home » Authors » Shannon Clark

Articles by Shannon Clark

Trade Groups Ask SCOTUS to Address Fair Housing Act

October 27, 2025
Shannon Clark
The trade groups want the Supreme Court to intervene and correct a lower court’s ruling that creates uncertainty regarding Fair Housing Act liability in the mortgage industry.
Read More

MoneyLion Agrees to Settle MLA Lawsuit

October 27, 2025
Shannon Clark
The financial technology company was accused of overcharging servicemembers and their dependents, and refusing to allow customers to exit its membership programs and stop paying monthly fees.
Read More

Other News in Brief

October 27, 2025
Shannon Clark
Mortgage compliance dataset is nearing implementation; CFPB ends consent order with Citibank three years early.
Read More

loanDepot Sues Broker Shop for Trade Theft, Poaching

October 23, 2025
Shannon Clark
loanDepot has accused West Capital Lending of stealing its leads, misclassifying loan originators and tying LO compensation to loan revenue.
Read More

Short Takes: Originations and MSRs… / Looking to Trade / Expanding Into Wholesale / This One Too / Court Update

October 20, 2025
Paul Muolo and Shannon Clark
Garrett, McAuley & Co. has a “well capitalized retail client” that’s looking to purchase a broker/wholesale channel from a depository or nonbank.
Read More

Solar ABS Market Expected to Weather Storm

October 16, 2025
Shannon Clark
The solar ABS market has received “much needed clarity” in recent months following uncertainty tied to the Trump administration, according to Bank of America Global Research.
Read More

Tech Vendor, Lenders Sued Over Price-Fixing Scheme

October 16, 2025
Shannon Clark
The lawsuit alleges that the lenders used Optimal Blue’s software to engage in a price-fixing scheme.
Read More

CFPB Poised to Resume Exam Activity

October 14, 2025
Shannon Clark
Andrew Glass, a partner at the law firm of Nixon Peabody, said he believes the bureau took some time when it put its activities on pause near the beginning of the Trump administration to “think about the scope of the institutions that it wanted to examine.”
Read More

CFPB Official Says Bureau to Resume Examination Activity

October 13, 2025
Shannon Clark
A CFPB official at a recent industry conference said the bureau is set to resume examinations within weeks. In April, the bureau said it would shift its supervision activities to depository institutions.
Read More

NTEU Seeks Full Circuit Rehearing of CFPB Case

October 13, 2025
Shannon Clark
The National Treasury Employees Union argued that if the decision of a three-judge panel is allowed to stand, the CFPB will be eliminated, and the impact will not be limited to the bureau.
Read More
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