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Home » Authors » Shannon Clark

Articles by Shannon Clark

Other News in Brief

February 3, 2025
Shannon Clark
MBA calls for nonbank registry delay; bureau fines remittance company; bureau sues Draper & Kramer for redlining; Pennsylvania AG sues mortgage brokers over kickback scheme.
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Treasury's Bessent Named Acting CFPB Director as Chopra Departs

February 3, 2025
Shannon Clark
In his departure letter, Chopra said he knows the CFPB is "ready to work" with President Trump.
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Natural Disasters Stressing Homeowners Insurance

January 31, 2025
Shannon Clark
As natural disasters are becoming increasingly devasting, homeowners insurance is struggling to keep up.
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Trump-Led Shake-Up of Federal Agencies Dragging

January 29, 2025
Dennis Hollier and Shannon Clark
The Trump administration’s failure to name acting directors for key federal agencies leaves them either under the control of Biden appointees or without a presidentially appointed leader.
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Odds Increase for Trigger Lead Bill in Congress

January 29, 2025
Shannon Clark
The House Financial Services Committee is now led by Rep. French Hill, R-AR, who is considered a staunch supporter of the legislation.
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MBA Asks CFPB to Delay Nonbank Registry Rule

January 27, 2025
Shannon Clark
The trade group asks that compliance deadlines for the bureau's nonbank registry rule be postponed for at least 60 days.
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After SCOTUS Setback, NCSLT Settles With CFPB

January 23, 2025
Shannon Clark
The settlement comes after the Supreme Court refused to hear a case in which the Third Circuit found that NCSLT were a “covered person” under the Dodd-Frank Act and subject to the CFPB’s oversight.
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SFA Seeks Exemption From FDIC’s Recordkeeping Rule

January 23, 2025
Shannon Clark
The custodial structuring and deposit accounts used in securitizations don’t pose any policy concerns that the FDIC’s rule is attempting to fix, according to SFA.
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CFPB Warns That Some Homeowners are Underinsured

January 23, 2025
Shannon Clark
Some homeowners’ properties may be underinsured due to disparities in flood-risk mapping, according to the Consumer Financial Protection Bureau.
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Mortgage Complaints to CFPB Decline in 2024

January 23, 2025
Shannon Clark
Consumers submitted 21,173 mortgage-related complaints to the CFPB last year, the lowest number since the bureau opened its door.
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