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Home » Authors » Shannon Clark

Articles by Shannon Clark

CFPB Dismisses Lawsuit Against SoLo Funds

March 3, 2025
Shannon Clark
The bureau had alleged that the California-based short-term loan company disguised fee payments as “tips” or “donations.”
Read More

Other News in Brief

March 3, 2025
Shannon Clark
Court pauses open banking rule; legislation to defund CFPB; NMLS processing fees increase; Republicans introduce resolution to overturn overdraft rule.
Read More

UWM Prevails in Lawsuit Over Arbitration Clause

February 28, 2025
Shannon Clark
A federal appeals court last month backed United Wholesale Mortgage in a battle with an employee who claimed wrongful termination.
Read More

CFPB Backs Out of Lawsuits Involving Rocket, Vanderbilt

February 28, 2025
Shannon Clark
No explanation for the dismissals was provided in the court filings that announced the moves.
Read More

HMDA Compliance Active, Some Changes Expected

February 27, 2025
Shannon Clark
Work may have ceased temporarily at the CFPB while the regulator undergoes leadership changes, but lenders are advised that Home Mortgage Disclosure Act reporting requirements remain in effect.
Read More

DOJ Says CFPB Won’t Be Eliminated by Administrative Action

February 26, 2025
Shannon Clark
The CFPB won't look the same, but also won't be eliminated, according to the DOJ.
Read More

State Servicing Standards Gain Traction. Coverage Nears 99%

February 25, 2025
Shannon Clark
Oversight standards are moving forward, despite the deregulatory bent of the Trump administration.
Read More

Short Takes: NMLS Processing Fees Increase / New Home Apps Ease in January / Residential Vacancies Fall / Sunflower Bank Hires New CBO

February 21, 2025
Shannon Clark
Fees will increase for both state licensure and federal registration beginning March 1.
Read More

More Securitization of Home Equity Investments Expected

February 20, 2025
Shannon Clark
2025 may be the year that home equity investment products rapidly expand into the securitization market, according to HEI provider Hometap.
Read More

CSBS Prudential Standards for Nonbanks Gaining Traction

February 20, 2025
Shannon Clark
Multiple states are drafting exam procedures that align with the prudential standards established by the CSBS.
Read More
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