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Home » Authors » Shannon Clark

Articles by Shannon Clark

CFPB Prepares Staff for More Layoffs

September 15, 2025
Shannon Clark
The potential staff cuts are tied to the bureau’s reduced funding for fiscal year 2025, which takes effect Oct. 1.
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Lender Urges SCOTUS to Hear Disparate-Impact Case

September 15, 2025
Shannon Clark
Emigrant Mortgage has asked the high court to weigh in on three questions that divided a lower court.
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New York Reproposes State CRA Rule for Nonbanks

September 15, 2025
Shannon Clark
The New York Department of Financial Services’ revised proposal doesn’t include any of the substantial changes sought by mortgage industry stakeholders.
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FDIC Cuts Disparate-Impact Analysis From Exam Manual

September 15, 2025
Shannon Clark
Changes to the examination manual were made to align with an executive order from President Trump.
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SPS Loses Bid to Dismiss Lawsuit on Loan Payment Practices

September 15, 2025
Shannon Clark
Select Portfolio Servicing allegedly charged borrowers up to $15 in fees to make a mortgage payment online or by phone when its actual cost of processing was less than 50 cents per transaction.
Read More

Changes May be Coming to Illinois Mortgage Foreclosures

September 15, 2025
Shannon Clark
While the state has traditionally viewed mortgage foreclosures to be subject to a 10-year statute of limitations, mortgage borrowers are challenging that viewpoint.
Read More

MBA Seeks Federal Preemption on Data Privacy

September 15, 2025
Shannon Clark
The trade group said a federal standard that preempts state data privacy laws would set clearer expectations for the industry.
Read More

Other News in Brief

September 15, 2025
Shannon Clark
A new law in California aims to simplify mortgage matters following the divorce of borrowers; CFPB officially releases its regulatory agenda; final rule creating quality control standards for automated valuation models to take effect next month; a Kentucky district court stays small business lending rule until Dec. 1.
Read More

Short Takes: New Investors? / A Jumbo MBS With a Twist / Reinstating HUD Workers? / How Much of a Rate Cut? / A Rocket Retirement

September 15, 2025
Brandon Ivey, Shannon Clark, and Paul Muolo
The Fed rate cut? The odds presently focus on a 25-basis-point trim on the short end of the stick.
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Rising Flood Insurance Costs Trouble Borrowers

September 12, 2025
Shannon Clark
A growing share of homeowners are more concerned about increasing flood insurance premiums than actual flood damage to their properties, according to new research by the CFPB.
Read More
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