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Home » Authors » Shannon Clark

Articles by Shannon Clark

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.
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State Regulators Coordinate Enforcement Efforts

October 13, 2025
Shannon Clark
The Conference of State Bank Supervisors is working on building common standard examination programs for the states to use as federal enforcement activity diminishes.
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CFPB Could See Limited Impact From Shutdown

October 13, 2025
Shannon Clark
The government shutdown will likely primarily impact the bureau’s staffing levels, according to industry attorneys.
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RESPA Charges Move Forward in UWM Lawsuit

October 13, 2025
Shannon Clark
The wholesale lender was released from all RICO charges, but must still face certain RESPA allegations.
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California Enacts Mortgage Forbearance Act for Wildfire Relief

October 13, 2025
Shannon Clark
The emergency law provides borrowers impacted by the January wildfires up to 12 months of mortgage forbearance.
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District Court Allows FDCPA Class Action to Proceed

October 13, 2025
Shannon Clark
The survival of the complaint against Selene Finance could lead to copy-cat class-action proceedings against mortgage servicers.
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CFPB Finalizes Rule Extending Section 1071 Compliance

October 13, 2025
Shannon Clark
Compliance with the Section 1071 rule will now begin for the first set of financial entities on July 1, 2026.
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Other News in Brief

October 13, 2025
Shannon Clark
Appeals court upholds multi-million-dollar judgment against Libre by Nexus; states settle with mortgage company over illegal MLO conduct.
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Experts Warn Against Rising Mortgage Fraud Risk

October 10, 2025
Shannon Clark
Undisclosed real estate debt and transaction fraud risks increased the most in the second quarter, according to Matt Seguin, a senior principal for product management at Cotality.
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District Court Drops RICO Claims in Lawsuit Against UWM

October 9, 2025
Shannon Clark
Many charges in a class action against UWM were dismissed, but some Real Estate Settlement Procedures Act claims will move forward.
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