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Home » Authors » Shannon Clark

Articles by Shannon Clark

HSBC Partners With NCRC One Year After Redlining Allegations

December 2, 2024
Shannon Clark
A four-year partnership committed to expanding financial inclusion in low and moderate income, diverse and underserved neighborhoods will begin in January.
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NCLC Asks States to Cap APRs on Installment Loans

December 2, 2024
Shannon Clark
The National Consumer Law Center is urging states to restrict the annual percentage rate at 36% for loans with balances of up to $1,000 and lower limits for larger loans.
Read More

Mortgage Servicer Prevails in Foreclosure Lawsuit

December 2, 2024
Shannon Clark
An Arizona district court determined that Sun West Mortgage Company and its foreclosure counsel didn’t violate the Truth in Lending Act or the Fair Debt Collection Practices Act in a foreclosure lawsuit.
Read More

Other News in Brief

December 2, 2024
Shannon Clark
Maryland enacts new regulations governing shared-appreciation agreements; CFPB issues 2025 threshold adjustments.
Read More

Digital Mortgage Originations Seen as Way to Cut Costs

November 27, 2024
Shannon Clark
Digitization will speed up the lending process and can lead to lower interest rates for borrowers, according to Anne Canfield, partner at The Majority Group.
Read More

Don’t Expect Basel III, Other Rulemakings Until Next Year

November 27, 2024
Shannon Clark
While major rulemakings will pause until a new presidential administration takes over, work will continue on proposed rules, according to regulatory agency leaders.
Read More

Short Takes: Existing Home Sales Rise / Bilt Launches New Program / HomeLight Partners With Orchard / Correction

November 22, 2024
Shannon Clark
Although existing home sales rose in October, the housing market is on track for its worst year in over a decade, according to Molly Boesel, principal economist at CoreLogic.
Read More

CFPB Asks Supreme Court to Quash Petitions in ABS Case

November 21, 2024
Shannon Clark
The student loan ABS trusts and two industry trade groups have filed separate petitions asking the Supreme Court to review the case.
Read More

Promising Outlook for CRT Issuance by Banks

November 21, 2024
Shannon Clark
Investor interest in bank credit-risk transactions is expected to grow even if the transactions face regulatory challenges.
Read More

Basel III, Other Rulemakings Paused Until Next Administration

November 21, 2024
Shannon Clark
The agency heads at the FDIC, OCC and Federal Reserve said they don't foresee any major rulemakings moving forward before the next administration takes over.
Read More
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